South Carolina § 33-49-120 Cooperatives and foreign corporations shall be subject to all taxes except income taxes.

South Carolina Statutes

§ 33-49-120 — Cooperatives and foreign corporations shall be subject to all taxes except income taxes.

South Carolina § 33-49-120

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 49ELECTRIC COOPERATIVES

This text of South Carolina § 33-49-120 (Cooperatives and foreign corporations shall be subject to all taxes except income taxes.) 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. § 33-49-120 (2026).

Text

Each cooperative and each foreign corporation transacting business in this State pursuant to this chapter, beginning with taxes to be assessed on December 31, 1969, shall be subject to and pay property taxes levied by the State, any county, municipality, school district or any other taxing subdivision, and shall be subject to and pay such other taxes as may be imposed by law, but shall be exempt from income taxes.

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Each cooperative and each foreign corporation transacting business in this State pursuant to this chapter, beginning with taxes to be assessed on December 31, 1969, shall be subject to and pay property taxes levied by the State, any county, municipality, school district or any other taxing subdivision, and shall be subject to and pay such other taxes as may be imposed by law, but shall be exempt from income taxes.