S.C. Code § 12-6-550

Current through 2024 Act No. 209.
Section 12-6-550 - Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540

The following corporations are exempt from the tax imposed by Section 12-6-530 and Section 12-6-540:

(1) banks as defined in Section 12-11-10;
(2) building and loan associations as defined in Section 12-13-10;
(3) insurance companies;
(4) nonprofit corporations organized pursuant to Chapter 36 of Title 33 for the purpose of providing water supply and sewage disposal or a combination of those services;
(5) organizations exempt from income taxes pursuant to Section 33-49-120.

S.C. Code § 12-6-550

2000 Act No. 404, Section 6(C), eff 10/3/2000; 1995 Act No. 76, Section 1.