South Carolina Statutes
§ 59-4-80 — Application of Internal Revenue Service rulings.
South Carolina § 59-4-80
This text of South Carolina § 59-4-80 (Application of Internal Revenue Service rulings.) 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. § 59-4-80 (2026).
Text
The director shall solicit answers to applicable ruling requests from the Internal Revenue Service regarding the tax status of fees paid pursuant to a prepaid tuition contract to the contributor and to the designated beneficiary and from the Securities and Exchange Commission regarding the application of federal securities laws to the program. The director shall make the status of these requests known to the board. In accordance with applicable law or Internal Revenue Service ruling, the board shall structure the program in order to allow for federal tax deferral on contributions to the fund.
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Legislative History
HISTORY: 1997 Act No. 155, Part II, SECTION 4A.
Nearby Sections
13
§ 59-4-10
Short title; purpose.§ 59-4-110
New participants prohibited.§ 59-4-20
Definitions.§ 59-4-70
Annual financial report.§ 59-4-90
Payroll deductions.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-4-80, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/4/59-4-80.