South Carolina Statutes
§ 12-11-20 — Tax on income of banks; rate.
South Carolina § 12-11-20
This text of South Carolina § 12-11-20 (Tax on income of banks; rate.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 12-11-20 (2026).
Text
A tax is imposed upon every bank engaged in business in the State which shall be levied, collected and paid annually with respect to the entire net income of the taxpayer doing a banking business within this State or from the sales or rentals of property within this State, computed at the rate of four and one half per cent of the entire net income of such bank or taxpayer.
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Legislative History
HISTORY: 1962 Code SECTION 65-402; 1952 Code SECTION 65-402; 1942 Code SECTION 2676; 1937 (40) 565; 1938 (40) 1762.
Nearby Sections
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§ 12-11-20
Tax on income of banks; rate.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 12-11-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/11/12-11-20.