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2021 South Carolina Code of Laws
Title 12 - Taxation
Chapter 6 - South Carolina Income Tax Act
Section 12-6-4940. Trust institutions maintaining common trust fund must make tax return; contents.
Universal Citation: SC Code § 12-6-4940 (2021)
Every trust institution maintaining a common trust fund shall make a return under oath for each taxable year. The return shall contain the items of gross income and the deductions allowed by law, the names and addresses of the participants, and the proportionate share of taxable income for each participant.
HISTORY: 1995 Act No. 76, Section 1.
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