South Carolina § 33-39-60 - Corporation and its securities exempt from taxes.
Full text of South Carolina South Carolina Code of Laws § 33-39-60 — Corporation and its securities exempt from taxes., with citation guidance and answers to common questions.
§ 33-39-60. Corporation and its securities exempt from taxes.
The corporation shall not be subject to any taxes based upon or measured by income which are now or may be hereafter levied by the State; and the securities, evidences of indebtedness and shares of the capital stock issued by the corporation established under the provisions of this chapter, their transfer, income therefrom and deposits of financial institutions invested therein shall at all times be free from taxation within the State.
HISTORY: 1962 Code SECTION 12-1206; 1960 (51) 1907.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-39-60
What does South Carolina Code of Laws § 33-39-60 cover?
Section 33-39-60 ("Corporation and its securities exempt from taxes.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 33-39-60?
A common citation format is "South Carolina Code of Laws § 33-39-60" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 33-39-60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.