South Carolina § 43-5-1205 - Interest income and dividends to be excluded.
Full text of South Carolina South Carolina Code of Laws § 43-5-1205 — Interest income and dividends to be excluded., with citation guidance and answers to common questions.
§ 43-5-1205. Interest income and dividends to be excluded.
In order to assist AFDC families in gaining financial independence and in building for the future, the Department of Social Services shall apply to the federal government for a waiver allowing the State to exclude interest income and dividends up to four hundred dollars in determining eligibility and payment amounts for Aid to Families with Dependent Children.
HISTORY: 1995 Act No. 102, Part IV, SECTION 6, approved June 12, 1995 and takes effect ninety days after receipt of approval of a federal waiver authorizing the department to implement these provisions or ninety days after federal law permits implementation.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 43-5-1205
What does South Carolina Code of Laws § 43-5-1205 cover?
Section 43-5-1205 ("Interest income and dividends to be excluded.") 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 § 43-5-1205?
A common citation format is "South Carolina Code of Laws § 43-5-1205" (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 § 43-5-1205 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.