§ 12-20-10 Definitions
§ 12-20-20 Corporations to file annual reports; time of filing; extension of time for filing annual report
§ 12-20-30 Form and contents of annual report; public inspection
§ 12-20-40 Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority
§ 12-20-50 Imposition of license tax on corporations generally; rate; minimum tax; time payable; reduction by holding company of paid-in capital surplus
§ 12-20-60 Proration of tax where business is conducted partly outside the State; minimum license fee may not be apportioned
§ 12-20-70 License tax where combined return is filed; applicability of minimum license fee
§ 12-20-80 Prorated license fee
§ 12-20-90 License fee for bank holding, insurance holding, or savings and loan holding company; definitions
§ 12-20-100 License tax on utilities and electric cooperatives; tax based on value of property; additional tax based on gross receipts; payment; consolidated or combined return; minimum license fee
§ 12-20-105 Tax credits
§ 12-20-110 Chapter provisions inapplicable to certain organizations, companies and associations
§ 12-20-120 Annual report to be signed by person authorized to make report
§ 12-20-130 Forms for reports; effect of failure to receive or secure form
§ 12-20-140 Department’s receipt constitutes certificate of compliance and license
§ 12-20-150 Department to administer provisions of chapter; rules and regulations
§ 12-20-160 Corporate license fee deemed to be tax
§ 12-20-170 Amounts collected under chapter to be deposited to credit of State Treasurer
§ 12-20-175 Reduction of license fees due to tax credits
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Terms Used In South Carolina Code > Title 12 > Chapter 20 - Corporation License Fees

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes any individual, trust, estate, partnership, receiver, association, company, limited liability company, corporation, or other entity or group; and

    (2) "individual" means a human being. See South Carolina Code 12-2-20
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.