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2017 South Carolina Code of Laws
Title 12 - Taxation
CHAPTER 20 - CORPORATION LICENSE FEES
Section 12-20-70. License tax where combined return is filed; applicability of minimum license fee.
Universal Citation: SC Code § 12-20-70 (2017)
When a combined income tax return is filed, the license fee provided for by this chapter is measured by the total capital and paid-in or capital surplus of each corporation considered separately without offset for investment of one corporation in the capital or surplus of another corporation in the group. The minimum license fee applies to each corporation in the combined group.
HISTORY: 1995 Act No. 76, Section 3.
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