S.C. Code Regs. § § 117-1550.3
Current through Register Vol. 48, 12, December 27, 2024
The income tax imposed by Section 12-13-30 shall be measured by the net income from all sources except interest income as is specifically exempted by law from such tax. Exempt income items are: (1) Income from obligations of the State of South Carolina and its political subdivisions. (2) Income from obligations of the United States and its possessions.
S.C. Code Regs. § 117-1550.3