Modifications of gross, adjusted gross, and taxable income calculated under Internal Revenue Code

For South Carolina income tax purposes, gross income, adjusted gross income, and taxable income as calculated under the Internal Revenue Code are modified as provided in this article and subject to allocation and apportionment as provided in Article 17 of this chapter.

Last amended: 1995 Act No. 76, SECTION 1; 2005 Act No. 145, SECTION 9, eff June 7, 2005; 2018 Act No. 265 (S.1043), SECTION 4.B, eff October 3, 2018. Editor's Note 2005 Act No. 145, SECTION 42, provides as follows: "Notwithstanding the ratification of another act during the 2004-2005 Session of the General Assembly affecting the sections of the 1976 Code amended in Sections 7, 8, 9, and 10 of this act, the ratification of this act is deemed to be the last action of the General Assembly regarding those code se

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