[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated. See Editor’s Note at the beginning of this Chapter.]

(A) The Corporation, but not the shareholders thereof, is exempt from all state income taxes and also corporate license fees.

Terms Used In South Carolina Code 41-44-70

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(B) Partners of the fund are allowed an exclusion from gross income as provided in § 12-6-1120(8).

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