Ellis v. South Carolina Tax Commission

Littlejohn, Justice:

This action was commenced by the Appellants, Ray G. Ellis and Elizabeth W. Ellis (Taxpayers), against the Respondent, South Carolina Tax Commission (Commission), pursuant to § 12-47-220, Code of Laws of South Carolina (1976), seeking a recovery of additional personal income taxes paid under protest to the Commission on January 15,1980, in the amount of Twenty-Four Thousand Three Hundred Ninety-Two and 49/100 Dollars ($24,392.49). The question presented is the Commission’s disallowance of deductions claimed by the Taxpayers by reason of their interest in certain…