South Carolina Statutes
§ 16-3-1320 — Payment of award as not constituting ordinary income for tax purposes.
An award made pursuant to this article shall not constitute a payment which is treated as ordinary income under either the provisions of Chapter 7 of Title 12 of the 1976 Code, or to the extent lawful, under the United States Internal Revenue Code.
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South Carolina § 16-3-1320 (Payment of award as not constituting ordinary income for tax purposes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1982 Act No. 455, SECTION 2; 1984 Act No. 489, SECTION 1.