Each association organized hereunder and all production credit associations organized under the act of Congress known as the Farm Credit Act of 1933 shall pay an annual license fee of ten dollars but shall be exempt from all franchise or license taxes.
S.C. Code Ann. § 33-47-120
Annual license fee; exemption from franchise and license tax
Known as the Cooperative Marketing Act
The act spans §§ 33-47-10 to 33-47-950 (47 sections).
1962 Code SECTION 12-912; 1952 Code SECTION 12-912; 1942 Code SECTION 6526; 1932 Code SECTION 6526; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.