Section 12-37-950. Valuation of certain leasehold estates as real estate.

SC Code § 12-37-950 (2019) (N/A)
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When any leasehold estate is conveyed for a definite term by any grantor whose property is exempt from taxation to a grantee whose property is not exempt, the leasehold estate shall be valued for property tax purposes as real estate.

HISTORY: 1962 Code Section 65-1649.1; 1957 (50) 89.