South Carolina Code 12-6-550. Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540
Current as of: 2023 | Check for updates
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The following corporations are exempt from the tax imposed by § 12-6-530 and § 12-6-540:
(1) banks as defined in § 12-11-10;
(2) building and loan associations as defined in § 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 § 33-49-120.