For purposes of Internal Revenue Code Section 641(c), an electing small business trust is taxed at the highest rate provided in Section 12-6-510.
S.C. Code Ann. § 12-6-535
Small business trust taxed at highest rate
Known as the South Carolina Income Tax Act
The act spans §§ 12–12 (157 sections).
2003 Act No. 69, SECTION 3.R, eff June 18, 2003.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.