Showing posts with label State and Local Tax Update. Show all posts
Showing posts with label State and Local Tax Update. Show all posts
Friday, April 9, 2010
South Carolina Decouples from IRC Sec. 108(i).
Effective immediately, South Carolina's new law (S.B. 1174, signed by gov. 3/31/10), decouples from the deferral of recognition of income from discharge of certain business indebtedness as enacted by the federal American Recovery and Reinvestment Act of 2009 under IRC Sec. 108(i).
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