S.C. Code Regs. § § 117-1500.3

Current through Register Vol. 48, 12, December 27, 2024

Section 117-1500.3 - Federal Income Tax Deduction

Banks reporting on a cash basis may deduct Federal income estimated tax payments in the year in which they are paid. Cash basis banks using a method other than above may convert by using ten year conversion period as permitted under SC Regulation 117-1500.2.

S.C. Code Regs. § 117-1500.3