South Carolina Code 33-47-120. Annual license fee; exemption from franchise and license tax
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Terms Used In South Carolina Code 33-47-120
- association: means any corporation organized under this chapter. See South Carolina Code 33-47-20
Each association organized hereunder and all production credit associations organized under the act of Congress known as the Farm Credit Act of 1933 shall pay an annual license fee of ten dollars but shall be exempt from all franchise or license taxes.