Title 48, Chapter 6, Section 74
( 48-6-74)
All revenues derived from the intangible recording tax imposed by
this article including, but not limited to, revenues from any
imposition of the tax upon intangible trust property shall be
distributed among the state, county, and municipality in which the
real property is located in the same proportion that revenues
derived from the intangible taxes imposed by Article 3 of this
chapter are distributed. If the real property is located in more
than one county, the appropriate portion of the intangible recording
tax shall be distributed equitably by the commissioner among the
affected counties. |