South Carolina Code 12-6-3320. Applicability of federal provisions to all income tax credits available to corporation for state income tax purposes
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-6-3320
- 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.
The provisions of Internal Revenue Code Section 383 (Special Limitations on Certain Excess Credits) are applicable to all income tax credits available to a corporation for South Carolina income tax purposes.