The income tax provided for in this chapter is instead of all other taxes on banks, except the use tax, the deed recording fee, and taxes on real property. The real property of a bank is taxed in the place where it is located.
HISTORY: 1962 Code Section 65-403; 1952 Code Section 65-403; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762; 1974 (58) 2029; 1998 Act No. 432, Section 7.
Structure South Carolina Code of Laws
Chapter 11 - Income Tax On Banks
Section 12-11-10. "Banks" and "taxpayers" defined.
Section 12-11-20. Tax on income of banks; rate.
Section 12-11-30. Income tax to be instead of other taxes; exceptions.
Section 12-11-50. Payment of tax; deposit into general fund.
Section 12-11-60. Conditions rendering this chapter ineffective.