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South Carolina Income Tax Act
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South Carolina Code of Laws
Taxation
South Carolina Income Tax Act
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Section
12-6-10
Short title.
Section
12-6-20
Administration and enforcement of chapter.
Section
12-6-30
Definitions.
Section
12-6-40
Application of federal Internal Revenue Code to State tax laws.
Section
12-6-50
Internal Revenue Code sections specifically not adopted by State.
Section
12-6-60
Role of distribution facility in determining nexus with state for income tax and corporate license fee purposes.
Section
12-6-510
Tax rates for individuals, estates, and trusts for taxable years after 1994.
Section
12-6-515
State individual income tax bracket reduction.
Section
12-6-520
Annual adjustments to individual state income tax brackets; inflation adjustments.
Section
12-6-530
Corporate income tax.
Section
12-6-535
Small business trust taxed at highest rate.
Section
12-6-540
Income tax rates for exempt organizations and cooperatives.
Section
12-6-545
Income tax rates for pass-through trade and business income; determination of income related to personal services.
Section
12-6-550
Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540.
Section
12-6-555
Persons not having nexus with state other than contract for commercial printing in state not subject to state income or sales and use taxes; conditions.
Section
12-6-560
Computation of resident individual's gross, adjusted gross, and taxable income.
Section
12-6-570
Computation of nonresident individual, trust, estate, and beneficiary's gross, adjusted gross, and taxable income.
Section
12-6-580
Computation of corporation's gross and taxable income.
Section
12-6-590
Treatment of "S" corporations for tax purposes; shareholders.
Section
12-6-600
Taxation of partnerships.
Section
12-6-610
Computation of gross and taxable income of resident estate or trust.
Section
12-6-620
Computation of gross, adjusted gross, and taxable income of nonresident individual, trust, and estate.
Section
12-6-630
Taxation of entities not specified or excluded.
Section
12-6-640
Use of monies appropriated to Commissioners of Pilotage.
Section
12-6-1110
Modifications of gross, adjusted gross, and taxable income calculated under Internal Revenue Code.
Section
12-6-1120
Gross income; computation; modifications.
Section
12-6-1130
Taxable income; computation; modifications.
Section
12-6-1140
Deductions from individual taxable income.
Section
12-6-1150
Net capital gain; deduction from taxable income for individuals, estates, and trusts.
Section
12-6-1160
Dependent deduction for resident individual.
Section
12-6-1170
Retirement income deduction from taxable income for individual; Section 12-6-1171 deduction.
Section
12-6-1171
Military retirement income deduction; definitions; surviving spouse.
Section
12-6-1175
Wages paid to unauthorized alien; business expense deduction disallowed.
Section
12-6-1190
Cost recovery of retirement benefits from retirement systems maintained by the State or its political subdivisions.
Section
12-6-1200
Exclusion from taxable income of amounts excluded from federal income tax by United States treaty.
Section
12-6-1210
Deductions for capital expenses, depreciation, gains and losses; change in accounting method; certain elections for special tax treatment; provisions of federal law.
Section
12-6-1220
Individual Development Account.
Section
12-6-1610
Definitions.
Section
12-6-1620
"Catastrophe Savings Account" defined; exemptions allowed; contributable amount; attachment and garnishment.
Section
12-6-1630
Taxation of distributions or at death of account owner.
Section
12-6-1710
Taxation of part-year resident.
Section
12-6-1720
Taxable income of nonresident individual, trust, estate, or beneficiary; modifications, adjustments, and allocations.
Section
12-6-2210
Taxation of business; determination whether entirely or partly transacted or conducted within State.
Section
12-6-2220
Allocation of interest, dividends, rents and royalties, gains and losses, and income from personal services.
Section
12-6-2230
Allocation of income not allocated under Section 12-6-2220.
Section
12-6-2240
Apportionment of all income remaining after allocation.
Section
12-6-2252
Allocation and apportionment of business income.
Section
12-6-2280
Sales factor; definitions.
Section
12-6-2290
Apportionment of remaining net income from principal profits or income derived from sources not otherwise described by this chapter.
Section
12-6-2295
Items included and excluded from terms "sales" and "gross receipts".
Section
12-6-2300
Apportionment of United States source income for business incorporated in foreign country.
Section
12-6-2310
Income remaining after allocation for certain companies; factors to be used for apportionment.
Section
12-6-2320
Allocation and apportionment of taxpayer's income when provisions unfairly represent taxpayer's business activity; agreement with taxpayer; provision for taxpayer constructing or operating qualified recycling facility.
Section
12-6-2810
Deferral of taxes on income attributable to increase in gross income from foreign trading receipts.
Section
12-6-2820
Date deferred payments are due and payable; payment of taxes at accelerated rate; effect of taxpayer's failure to pay interest.
Section
12-6-2830
Inapplicability of time limitation on assessment and collection of taxes to taxes deferred.
Section
12-6-2840
Effective date of article; inapplicability of article to domestic international sales corporations or foreign sales corporations.
Section
12-6-2850
Definitions.
Section
12-6-3310
Tax credits; timeframe for use; pass through and calculation of shareholder credit; limited liability companies.
Section
12-6-3320
Applicability of federal provisions to all income tax credits available to corporation for state income tax purposes.
Section
12-6-3330
Two wage earner credit for married individuals filing joint return; computation; definitions; when not allowed.
Section
12-6-3340
Investment tax credit for purchase and installation of certain energy conservation and renewable energy production measures.
Section
12-6-3350
Tax credit for State contractors subcontracting with socially and economically disadvantaged small business.
Section
12-6-3360
Job tax credit.
Section
12-6-3362
Small business jobs tax credit; alternate method.
Section
12-6-3367
Moratorium on corporate income and insurance premium taxes for certain companies investing and creating jobs in State.
Section
12-6-3370
Tax credits for construction, installation or restoration of water impoundments and water control structures.
Section
12-6-3375
Tax credit for port cargo volume increase; application to council; definitions; excess credits; taxpayers without distribution centers in the State; failure to meet requirements.
Section
12-6-3376
Income tax credit for plug-in hybrid vehicle.
Section
12-6-3377
Hybrid, fuel cell, alternative fuel or lean burn motor vehicle tax credit.
Section
12-6-3378
Tax credits for certain agribusinesses and service-related facilities.
Section
12-6-3380
Tax credit for child and dependent care expenses.
Section
12-6-3381
Premarital preparation course tax credit; form.
Section
12-6-3385
Income tax credit for tuition; definitions.
Section
12-6-3390
Credit for expenses paid to institution providing nursing facility level, in-home, or community care.
Section
12-6-3400
Credit for income tax paid by South Carolina resident to another state.
Section
12-6-3410
Corporate income tax credit for corporate headquarters.
Section
12-6-3415
Tax credit for research and development expenditures.
Section
12-6-3420
Tax credit for construction or improvement of infrastructure project.
Section
12-6-3430
Tax credit for qualified investments in Palmetto Seed Capital Corporation or Palmetto Seed Capital Fund Limited Partnership.
Section
12-6-3440
Tax credit for employee child care programs.
Section
12-6-3460
Definitions.
Section
12-6-3465
Recycling facility tax credits.
Section
12-6-3470
Employer tax credit.
Section
12-6-3477
Apprentice income tax credit.
Section
12-6-3480
Tax credits.
Section
12-6-3500
Retirement plan credits.
Section
12-6-3515
Credit for conservation or qualified conservation contribution of real property; lands eligible; transfer of credits; definitions.
Section
12-6-3520
Income tax credit for habitat management and construction and maintenance of critical habitat improvements.
Section
12-6-3525
Tax credits for vehicle or scrap recyclers participating in End-of-Life Vehicle Solutions (ELVS) Program.
Section
12-6-3530
Community development tax credits.
Section
12-6-3535
Income tax credit for making qualified rehabilitation expenditures for a certified historic structure.
Section
12-6-3550
Voluntary cleanup activity tax credit; eligibility requirements.
Section
12-6-3560
Credit against state income tax for motion picture and advertisement production companies.
Section
12-6-3570
Motion picture related income tax credit claims.
Section
12-6-3575
Health insurance tax credits.
Section
12-6-3580
South Carolina Quality Forum participants; tax credits for registration fee and participation in organizational performance excellence assessment process; limitation.
Section
12-6-3582
Income tax credits; agricultural use of anhydrous ammonia.
Section
12-6-3585
Industry Partnership Fund tax credit.
Section
12-6-3587
Purchase and installation of solar energy system for heating water, space heating, air cooling, or generating electricity.
Section
12-6-3588
South Carolina Clean Energy Tax Incentive Program; definitions; requirements to receive tax credit.
Section
12-6-3589
Tax credit for effluent toxicity testing.
Section
12-6-3590
Credit for milk producer; promulgation of regulations.
Section
12-6-3600
Credit for ethanol and biodiesel facilities.
Section
12-6-3610
Credit for property used for distribution or dispensing renewable fuel.
Section
12-6-3620
Purchase and installation of equipment to produce energy from biomass resources.
Section
12-6-3622
Fire sprinkler system tax credits.
Section
12-6-3630
Income tax credits; hydrogen research contributions.
Section
12-6-3631
Biodiesel expenditures tax credit.
Section
12-6-3632
Earned income tax credit.
Section
12-6-3660
Tax credit for costs of retrofitting to make residence more hurricane resistant.
Section
12-6-3665
Credit for sales tax paid on purchases of tangible personal property to retrofit residence.
Section
12-6-3670
Credit for excess premium paid for property and casualty insurance.
Section
12-6-3695
Alternative fuel property income tax credit.
Section
12-6-3750
Nonrefundable tax credit for processing donated deer for charitable distribution.
Section
12-6-3770
Repealed.
Section
12-6-3775
Solar energy tax credits.
Section
12-6-3780
Credit for preventative maintenance.
Section
12-6-3790
Educational Credit for Exceptional Needs Children's Fund.
Section
12-6-3795
South Carolina housing tax credit.
Section
12-6-3800
Income tax credit for service as a preceptor.
Section
12-6-3910
Estimated tax payments form; due dates; treatment of excess where estimated payments or withholdings more than tax liability; waiver of penalties.
Section
12-6-3920
Extension for filing and paying estimated taxes.
Section
12-6-3930
Imposition of interest and penalties on National Guard and Reserve members activated as a result of Iraq conflict or war on terrorism.
Section
12-6-4410
Taxable years.
Section
12-6-4420
Method of accounting.
Section
12-6-4430
"S" corporation elections.
Section
12-6-4910
Persons, corporations, and other entities required to make tax returns.
Section
12-6-4920
Interstate motor carrier required to file return.
Section
12-6-4930
Tax return of estate or trust; by whom to be made.
Section
12-6-4940
Trust institutions maintaining common trust fund must make tax return; contents.
Section
12-6-4950
Information returns.
Section
12-6-4960
Form of tax return; department to furnish blank forms; effect on taxpayer of failure to receive form.
Section
12-6-4970
Time to file returns.
Section
12-6-4980
Extension of time for filing return.
Section
12-6-4990
Payment of tax due upon filing return; effect of extension; requirement of making estimated tax payment.
Section
12-6-5000
Filing of separate or joint federal returns by husband and wife; same status required on state return; nonresidents; where no federal return filed.
Section
12-6-5010
Release of claim to personal exemption by custodial parent.
Section
12-6-5020
Authorized filing of consolidated corporate income tax return; terms and conditions.
Section
12-6-5030
Composite returns for partnership or "S" corporation.
Section
12-6-5050
Tax preparer's taxpayer identification number.
Section
12-6-5060
Voluntary contribution to certain funds may be designated on return; reporting of contributions annually by department.
Section
12-6-5095
Rounding to nearest whole dollar on tax returns.
Section
12-6-5510
Certificate of compliance as prima facie evidence.
Section
12-6-5520
Notification to domestic or foreign corporation of failure to file return; penalty upon continued failure to comply.
Section
12-6-5530
Income taxes payable by check; taxpayer liable for tax and penalties when check dishonored by bank.
Section
12-6-5540
Copies of returns; verification of information on returns.
Section
12-6-5550
State income tax refund as belonging to surviving spouse.
Section
12-6-5570
Authority to make expenditures.
Section
12-6-5580
Failure to do an act deemed committed in person's county of residence.
Section
12-6-5590
Donative intent; requirements; determining factors.
Section
12-6-5595
Timber deeds as real property conveyances.
Section
12-6-5600
Residency of individuals and businesses; boundary clarification.