In the case of a taxpayer establishing a facility meeting the requirements of Section 12-15-20, the South Carolina Department of Revenue, in its discretion, may enter into an agreement with the taxpayer pursuant to Section 12-6-2320 for a period not to exceed fifteen years if the facility otherwise meets the requirements of that section.
S.C. Code Ann. § 12-15-40
Income tax allocation and apportionment agreement authorization
Known as the South Carolina Life Sciences and Renewable Energy Manufacturing Act
The act spans §§ 12–12 (4 sections).
2004 Act No. 187, SECTION 1.(D), eff March 17, 2004; 2010 Act No. 290, SECTION 27, eff June 23, 2010.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.