South Carolina Statutes
§ 12-13-40 — Exemptions.
South Carolina § 12-13-40
This text of South Carolina § 12-13-40 (Exemptions.) 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. § 12-13-40 (2026).
Text
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.
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Legislative History
HISTORY: 1962 Code SECTION 65-424; 1957 (50) 404; 1960 (51) 1779.
Nearby Sections
10
§ 12-13-10
"Association" defined.§ 12-13-100
Disposition of proceeds.§ 12-13-20
"Net income" defined.§ 12-13-30
Imposition of tax on net income; rate.§ 12-13-40
Exemptions.§ 12-13-80
Form and filing of returns.§ 12-13-90
Payment of tax.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 12-13-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/13/12-13-40.