South Carolina § 12-6-550 Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540.

South Carolina Statutes

§ 12-6-550 — Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540.

South Carolina § 12-6-550

Title 12TAXATION

Ch. 6SOUTH CAROLINA INCOME TAX ACT

This text of South Carolina § 12-6-550 (Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540.) 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. § 12-6-550 (2026).

Text

The following corporations are exempt from the tax imposed by Section 12-6-530 and Section 12-6-540:

(1)banks as defined in Section 12-11-10;

(2)building and loan associations as defined in Section 12-13-10;

(3)insurance companies;

(4)nonprofit corporations organized pursuant to Chapter 36 of Title 33 for the purpose of providing water supply and sewage disposal or a combination of those services;

(5)organizations exempt from income taxes pursuant to Section 33-49-120.

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The following corporations are exempt from the tax imposed by Section 12-6-530 and Section 12-6-540: (1) banks as defined in Section 12-11-10; (2) building and loan associations as defined in Section 12-13-10; (3) insurance companies; (4) nonprofit corporations organized pursuant to Chapter 36 of Title 33 for the purpose of providing water supply and sewage disposal or a combination of those services; (5) organizations exempt from income taxes pursuant to Section 33-49-120.