The taxes provided for in this chapter must be paid to the department as provided in Section 12-11-40 and the income tax paid under the provisions of this chapter must be deposited to the credit of the general fund of the State.
HISTORY: 1962 Code Section 65-405; 1952 Code Section 65-405; 1942 Code Section 2676; 1937 (40) 565; 1938 (40) 1762; 1991 Act No. 171, Part II, Section 22C.
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.