S.C. Code § 16-3-1320

Current through 2024 Act No. 225.

Section 16-3-1320 - Payment of award as not constituting ordinary income for tax purposes

An award made pursuant to this article shall not constitute a payment which is treated as ordinary income under either the provisions of Chapter 7 of Title 12 of the 1976 Code, or to the extent lawful, under the United States Internal Revenue Code.

1984 Act No. 489, Section 1; 1982 Act No. 455, Section 2.