{"data":{"id":"us-sc/s.c.-code-ann.-12-20-110","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 12-20-110","heading":"Chapter provisions inapplicable to certain organizations, companies and associations.","body":"The provisions of this chapter do not apply to any:\n(1) nonprofit corporation organized pursuant to Chapter 31, Title 33 and exempt from income taxes pursuant to Section 501 of the Internal Revenue Code of 1986;\n(2) volunteer fire department and rescue squad;\n(3) cooperative organized pursuant to Title 33;\n(4) bank, building and loan association, or credit union doing a strictly mutual business;\n(5) insurance company or association including a fraternal, beneficial, or mutual protection insurance company;\n(6) foreign corporation whose entire income is excluded from gross income for federal income tax purposes due to a treaty obligation of the United States; or\n(7) homeowners' association within the meaning of Internal Revenue Code Section 528(c)(1).\n(8) community development entity certified by the United States Department of the Treasury through the Community Development Financial Institution Fund as a company established to distribute allocations received as a part of the New Market Tax Credit Program.","path":["Title 12 - TAXATION","CHAPTER 20 Corporation License Fees"],"source_url":"https://www.scstatehouse.gov/code/t12c020.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:35:34Z","sha256":"92b7671110cae212cabefec46a0e4070756122e77da8e07e42fbd3ab5fd35f3c","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-12-20-105","next":"us-sc/s.c.-code-ann.-12-20-120"},"notice":"GroundRules: Original legal text. Not legal advice."}