South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-20-40
Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority
# (A)
An initial annual report and the minimum license fee required by Sections 12-20-50 and 12-20-100(C) must be filed with the Secretary of State with the initial articles of incorporation filed by a domestic corporation, an application for certificate of authority filed by a foreign corporation, or the articles of domestication filed by a corporation domesticating in South Carolina, as appropriate. The initial annual report must be submitted to the department by the Secretary of State and contain the information required in Section 12-20-30(A).
# (B)
A corporation that does not file an application for certificate of authority with the Secretary of State shall file the initial annual report and pay the minimum license fee required by Sections 12-20-50 and 12-20-100 to the department on or before sixty days after initially doing business, or using a portion of its capital in this State.
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In this chapter (19 sections)
- 12-20-10 · Definitions
- 12-20-20 · Corporations to file annual reports; time of filing;…
- 12-20-30 · Form and contents of annual report; public inspection
- 12-20-40 · Initial annual report and minimum license fee to be filed…
- 12-20-50 · Imposition of license tax on corporations generally; rate;…
- 12-20-60 · Proration of tax where business is conducted partly outside…
- 12-20-70 · License tax where combined return is filed; applicability of…
- 12-20-80 · Prorated license fee
- 12-20-90 · License fee for bank holding, insurance holding, or savings…
- 12-20-100 · License tax on utilities and electric cooperatives; tax…
- 12-20-105 · Tax credits
- 12-20-110 · Chapter provisions inapplicable to certain organizations,…
- 12-20-120 · Annual report to be signed by person authorized to make…
- 12-20-130 · Forms for reports; effect of failure to receive or secure…
- 12-20-140 · Department's receipt constitutes certificate of compliance…
- 12-20-150 · Department to administer provisions of chapter; rules and…
- 12-20-160 · Corporate license fee deemed to be tax
- 12-20-170 · Amounts collected under chapter to be deposited to credit…
- 12-20-175 · Reduction of license fees due to tax credits