SC revenue ruling #16-2

dc.creator	South Carolina Department of Revenue
dc.date.accessioned	2016-05-24T13:44:00Z
dc.date.available	2016-05-24T13:44:00Z
dc.date.issued	2016-04-07
dc.identifier.uri	http://hdl.handle.net/10827/21101
dc.description.abstract	The purpose of this advisory opinion is to update SC Revenue Ruling #91-15 concerning interest exempt from South Carolina income taxes. This advisory opinion provides a discussion of the types of interest exempt from South Carolina income taxes,1 the taxability of exempt interest when distributed as a dividend from a mutual fund, and Section 265 of the Internal Revenue Code which disallows a deduction for expenses allocable to tax-exempt income. This document also provides examples of tax-exempt obligations and obligations which are not tax-exempt for South Carolina income tax purposes.
dc.format	application/pdf
dc.format.medium	Document
dc.language	English
dc.publisher	South Carolina State Library
dc.relation.ispartof	South Carolina State Documents Depository
dc.rights	Copyright status undetermined. For more information contact, South Carolina State Library, 1500 Senate Street, Columbia, South Carolina 29201.
dc.subject	South Carolina Department of Revenue--Periodicals
dc.subject	Tax exemption--South Carolina
dc.subject	Income tax--South Carolina
dc.title	SC revenue ruling #16-2
dc.type	Text
sd.specifications	This South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.