Each association organized hereunder and all production credit associations organized under the act of Congress known as the Farm Credit Act of 1933 shall pay an annual license fee of ten dollars but shall be exempt from all franchise or license taxes.
Annual license fee; exemption from franchise and license tax
S.C. Code Ann. § 33-47-120, under Title 33, Chapter 47.
S.C. Code Ann. § 33-47-120