S.C. Code Regs. § § 117-1500.2

Current through Register Vol. 48, No. 9, September 27, 2024

Section 117-1500.2 - Method of Reporting

The net income of the taxpayer as provided for in Section 12-11-20 shall be computed on either a cash or an accrual basis. A bank may request permission to change from a cash to an accrual basis or from an accrual basis to a cash basis over a ten year period.

S.C. Code Regs. § 117-1500.2