S.C. Code Ann. § 12-20-10 — Definitions

For the purposes of this chapter:
(1) "Department" means the South Carolina Department of Revenue.
(2) "Taxable year" means the calendar year or the fiscal year used in computing taxable income under Chapter 6 of this title.
(3) "Domestic corporation" means a corporation incorporated under the laws of this State.
(4) "Foreign corporation" means a corporation not incorporated under the laws of this State.