All income remaining after allocation pursuant to Sections 12-6-2220 and 12-6-2230 is apportioned in accordance with Section 12-6-2252, or one of the special apportionment formulas provided in Sections 12-6-2290 through 12-6-2310.
S.C. Code Ann. § 12-6-2240
Apportionment of all income remaining after allocation
Known as the South Carolina Income Tax Act
The act spans §§ 12-6-10 to 12-6-640 (157 sections).
Applied in 1 court decision — leading case CarMax Auto Superstores West Coast, Inc. v. South Carolina Department of Revenue (2014)
Most recently applied in CarMax Auto Superstores West Coast, Inc. v. South Carolina Department of Revenue (December 2014)
1995 Act No. 76, SECTION 1; 2007 Act No. 110, SECTION 55.B, eff June 21, 2007, effective for tax years after 2010; 2007 Act No. 116, SECTION 60.E, eff June 28, 2007, effective f…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.