South Carolina Statutes
§ 16-3-1320 — Payment of award as not constituting ordinary income for tax purposes.
South Carolina § 16-3-1320
This text of South Carolina § 16-3-1320 (Payment of award as not constituting ordinary income for tax purposes.) 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. § 16-3-1320 (2026).
Text
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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Legislative History
HISTORY: 1982 Act No. 455, SECTION 2; 1984 Act No. 489, SECTION 1.
Nearby Sections
15
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Bluebook (online)
South Carolina § 16-3-1320, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/3/16-3-1320.