S.C. Code Regs. 117-740.1 — Apportionment of Gains/Losses from Asset Retirement

Any taxpayer electing the non-recognition of gains or losses realized upon the normal retirement of
assets from productive use in the taxpayer's trade or business pursuant to IRS Regulation 1.167(a)-8,
in effect on December 31, 1975, shall remove all such dispositions from the denominator of the
property factor and, if the property disposed of had a situs in this State, from the numerator of the
property factor in computing the property ratio for the purposes of the three factor apportionment
formula (with a double weighted sales factor) prescribed by Section 12-6-2250.