An award made pursuant to this article shall not constitute a payment which is treated as ordinary income under either the provisions of Chapter 7 of Title 12 of the 1976 Code, or to the extent lawful, under the United States Internal Revenue Code.
S.C. Code Ann. § 16-3-1320
Payment of award as not constituting ordinary income for tax purposes
1982 Act No. 455, SECTION 2; 1984 Act No. 489, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.