South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-6-600
Taxation of partnerships
Official textscstatehouse.gov
An entity treated as a partnership for federal income tax purposes is not subject to tax under this chapter. Each partner shall include its share of South Carolina partnership income on the partner's respective income tax return. All of the provisions of the Internal Revenue Code apply to determine the gross income, adjusted gross income, and taxable income of a partnership and its partners, subject to the modifications provided in Article 9 of this chapter and subject to allocation and apportionment as provided in Article 17 of this chapter.
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In this chapter (40 sections)
- 12-6-10 · Short title
- 12-6-20 · Administration and enforcement of chapter
- 12-6-30 · Definitions
- 12-6-40 · Application of federal Internal Revenue Code to State tax laws
- 12-6-50 · Internal Revenue Code sections specifically not adopted by…
- 12-6-60 · Role of distribution facility in determining nexus with state…
- 12-6-510 · Tax rates for individuals, estates, and trusts for taxable…
- 12-6-515 · State individual income tax bracket reduction
- 12-6-520 · Annual adjustments to individual state income tax brackets;…
- 12-6-530 · Corporate income tax
- 12-6-535 · Small business trust taxed at highest rate
- 12-6-540 · Income tax rates for exempt organizations and cooperatives
- 12-6-545 · Income tax rates for pass-through trade and business income;…
- 12-6-550 · Corporations exempt from taxes imposed by Sections 12-6-530…
- 12-6-555 · Persons not having nexus with state other than contract for…
- 12-6-560 · Computation of resident individual's gross, adjusted gross,…
- 12-6-570 · Computation of nonresident individual, trust, estate, and…
- 12-6-580 · Computation of corporation's gross and taxable income
- 12-6-590 · Treatment of "S" corporations for tax purposes; shareholders
- 12-6-600 · Taxation of partnerships
- 12-6-610 · Computation of gross and taxable income of resident estate…
- 12-6-620 · Computation of gross, adjusted gross, and taxable income of…
- 12-6-630 · Taxation of entities not specified or excluded
- 12-6-640 · Use of monies appropriated to Commissioners of Pilotage
- 12-6-1110 · Modifications of gross, adjusted gross, and taxable income…
- 12-6-1120 · Gross income; computation; modifications
- 12-6-1130 · Taxable income; computation; modifications
- 12-6-1140 · Deductions from individual taxable income
- 12-6-1150 · Net capital gain; deduction from taxable income for…
- 12-6-1160 · Dependent deduction for resident individual
- 12-6-1170 · Retirement income deduction from taxable income for…
- 12-6-1171 · Military retirement income deduction; definitions;…
- 12-6-1175 · Wages paid to unauthorized alien; business expense…
- 12-6-1190 · Cost recovery of retirement benefits from retirement…
- 12-6-1200 · Exclusion from taxable income of amounts excluded from…
- 12-6-1210 · Deductions for capital expenses, depreciation, gains and…
- 12-6-1220 · Individual Development Account
- 12-6-1610 · Definitions
- 12-6-1620 · "Catastrophe Savings Account" defined; exemptions allowed;…
- 12-6-1630 · Taxation of distributions or at death of account owner