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S.C. Code Ann. § 41-44-70

Tax exemptions

1988 Act No. 643, SECTION 2, eff June 7, 1988; 1995 Act No. 76, SECTION 19, eff for taxable years beginning after 1995.

[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated. See Editor's Note at the beginning of this Chapter.]

(A) The Corporation, but not the shareholders thereof, is exempt from all state income taxes and also corporate license fees.

(B) Partners of the fund are allowed an exclusion from gross income as provided in Section 12-6-1120(8).

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.