South Carolina § 59-53-1787 - Exemption from taxes and assessments.
Full text of South Carolina South Carolina Code of Laws § 59-53-1787 — Exemption from taxes and assessments., with citation guidance and answers to common questions.
§ 59-53-1787. Exemption from taxes and assessments.
The authority in performing an essential governmental function in the exercise of the powers conferred upon it is not required to pay any taxes or assessments upon any property or upon any of its activities or operations or the income from them, or any taxes or assessments upon any property acquired or used by the authority or upon the income from them. Any bonds, notes, or other obligations or indebtedness issued by the authority and the income from them is free from taxation and assessment of every kind by the State and by the local governments and other political subdivisions of the State.
HISTORY: 2004 Act No. 200, SECTION 4, eff April 26, 2004.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-53-1787
What does South Carolina Code of Laws § 59-53-1787 cover?
Section 59-53-1787 ("Exemption from taxes and assessments.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 59-53-1787?
A common citation format is "South Carolina Code of Laws § 59-53-1787" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 59-53-1787 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.