South Carolina Code of Regulations
Chapter 117 - DEPARTMENT OF REVENUE
Article 24 - MISCELLANEOUS TAXES
Section 117-1500.3 - Federal Income Tax Deduction
Universal Citation: SC Code Regs 117-1500.3
Current through Register Vol. 48, No. 9, September 27, 2024
Banks reporting on a cash basis may deduct Federal income estimated tax payments in the year in which they are paid. Cash basis banks using a method other than above may convert by using ten year conversion period as permitted under SC Regulation 117-1500.2.
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