{"data":{"id":"us-sc/s.c.-code-ann.-12-6-550","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 12-6-550","heading":"Corporations exempt from taxes imposed by Sections 12-6-530 and 12-6-540.","body":"The following corporations are exempt from the tax imposed by Section 12-6-530 and Section 12-6-540:\n(1) banks as defined in Section 12-11-10;\n(2) building and loan associations as defined in Section 12-13-10;\n(3) insurance companies;\n(4) nonprofit corporations organized pursuant to Chapter 36 of Title 33 for the purpose of providing water supply and sewage disposal or a combination of those services;\n(5) organizations exempt from income taxes pursuant to Section 33-49-120.","path":["Title 12 - TAXATION","CHAPTER 6 South Carolina Income Tax Act","ARTICLE 5 Tax Rates and Imposition"],"source_url":"https://www.scstatehouse.gov/code/t12c006.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:34:54Z","sha256":"b3503af685389f0eec30c4d367d5f32497890b917f95467de1312c6675dba6f2","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-12-6-545","next":"us-sc/s.c.-code-ann.-12-6-555"},"notice":"GroundRules: Original legal text. Not legal advice."}