As Amended
SEC. 57-75-33. Counties and municipalities authorized to enter into agreements with enterprises operating certain projects, providing that no taxes, fees or assessments will be levied upon the enterprise other than those generally levied upon all taxpayers; counties and municipalities authorized to enter into fee in lieu of ad valorem taxes agreements.
The board of supervisors of a county or the governing authorities of a municipality may each enter into an agreement with an enterprise operating a project as defined in Section 57-75-5(f)(iv)1 providing that the county or municipality will not levy any taxes, fees or assessments upon the enterprise other than taxes, fees or assessments that are generally levied upon all taxpayers and the board of supervisors or the governing authorities also may each enter into a fee in lieu agreement as provided in Section 27-31-104. Such agreements may be for a period not to exceed thirty (30) years.
SOURCES: Added by Laws 2000, 3rd Ex Sess, ch. 1, Sec. 4, HB1, eff. from and after passage (approved Nov. 6, 2000.)