South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-13-40
Exemptions
Official textscstatehouse.gov
Associations shall be exempt from the provisions of this chapter during the first three years of their operation. The provisions of this chapter shall not apply to employees' credit unions.
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