South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-11-20
Tax on income of banks; rate
Official textscstatehouse.gov
A tax is imposed upon every bank engaged in business in the State which shall be levied, collected and paid annually with respect to the entire net income of the taxpayer doing a banking business within this State or from the sales or rentals of property within this State, computed at the rate of four and one half per cent of the entire net income of such bank or taxpayer.
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In this chapter (5 sections)
- 12-11-20 · Tax on income of banks; rate
- 12-11-30 · Income tax to be instead of other taxes; exceptions
- 12-11-40 · Appropriate Chapter 6 provisions shall govern enforcement,…
- 12-11-50 · Payment of tax; deposit into general fund
- 12-11-60 · Conditions rendering this chapter ineffective