S.C. Code Regs. § § 117-1550.2
Current through Register Vol. 48, 12, December 27, 2024
For the purposes of Section 12-13-20, a deduction shall be allowed for earnings paid to shareholders in an amount equal to the earnings actually paid out and/or credited to each shareholder's account. Earnings credited to a reserve account for future payments shall not qualify for this deduction.
S.C. Code Regs. § 117-1550.2