Associations shall be exempt from the provisions of this chapter during the first three years of their operation. The provisions of this chapter shall not apply to employees' credit unions.
HISTORY: 1962 Code Section 65-424; 1957 (50) 404; 1960 (51) 1779.
Structure South Carolina Code of Laws
Chapter 13 - Income Tax On Building And Loan Associations
Section 12-13-10. "Association" defined.
Section 12-13-20. "Net income" defined.
Section 12-13-30. Imposition of tax on net income; rate.
Section 12-13-50. Tax shall be in lieu of other taxes; exceptions.
Section 12-13-60. Appropriate Chapter 6 provisions to govern enforcement and administration of tax.
Section 12-13-70. Chapter shall be administered by Department of Revenue; rules and regulations.
Section 12-13-80. Form and filing of returns.