S.C. Code Regs. § § 117-1840.1
Current through Register Vol. 48, No. 9, September 27, 2024
The fair market value of merchants' furniture, fixtures and equipment shall be the depreciated value as shown by the merchants' records for South Carolina income tax purposes, provided however, that in no event is the original cost of the property to be reduced by more than ninety percent of the original capitalized costs.
S.C. Code Regs. § 117-1840.1