South Carolina Statutes
§ 12-20-70 — License tax where combined return is filed; applicability of minimum license fee.
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.
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South Carolina § 12-20-70 (License tax where combined return is filed; applicability of minimum license fee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1995 Act No. 76, SECTION 3.
Nearby Sections
15
§ 12-20-10
Definitions.§ 12-20-105
Tax credits.§ 12-20-160
Corporate license fee deemed to be tax.