Apportionment of United States source income for business incorporated in foreign country.

S.C. Code Ann. § 12-6-2300
in effect
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A business incorporated in a foreign country is required to apportion only United States source income as determined for federal purposes on Form 1120F if elected. No change in the election may be made without permission of the department. Income must be apportioned using rules provided for apportionment in this chapter.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t12c006.phpFetched: 10/17/2026
S.C. Code Ann. § 12-6-2300 — Apportionment of United States source income for business incorporated in foreign country | Code of Laws of South Carolina (Aug. 2026 snapshot) | Corpus