South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-13-30
Imposition of tax on net income; rate
Official textscstatehouse.gov
Every association located or doing business within this State shall pay an income tax measured by its net income from all sources, except for income from municipal, state, or federal bonds or securities exempted by law from the tax, including interest earned on deposits at the Federal Home Loan Bank of Atlanta, or its successors, for those savings and loan associations which meet the qualified thrift lender test set forth in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (P.L. 101-73), as amended. The tax is six percent of the net income.
Source: view the official text
In this chapter (10 sections)
- 12-13-10 · "Association" defined
- 12-13-20 · "Net income" defined
- 12-13-30 · Imposition of tax on net income; rate
- 12-13-40 · Exemptions
- 12-13-50 · Tax shall be in lieu of other taxes; exceptions
- 12-13-60 · Appropriate Chapter 6 provisions to govern enforcement and…
- 12-13-70 · Chapter shall be administered by Department of Revenue;…
- 12-13-80 · Form and filing of returns
- 12-13-90 · Payment of tax
- 12-13-100 · Disposition of proceeds