York County Fair Ass'n v. South Carolina Tax Commission

Lionel K. Legge, Acting Justice.

York County Fair Association, Inc., appeals from a circuit court order rejecting its claim of exemption from South Carolina income tax.

Appellant is a South Carolina corporation engaged in the business of promoting and holding fairs in York County for the exhibition of livestock and poultry and agricultural and commercial products. Since 1934 all of appellant’s capital stock has been owned by Frank Roach Post No. 34 of the American Legion. During the period with which this action is concerned, appellant’s surplus income was paid, as authorized in its by-laws, to…