South Carolina Electric & Gas Co. v. Livingston

Taylor, Justice (dissenting in part).

I would affirm the Order appealed from. The controlling Section, 65-256, South Carolina Code of Laws, 1952, provides that the basis for determining the net taxable income of corporations, such as Respondent, is the net operating income of such corporations computed in accordance with “the standard classification of accounting of the Interstate Commerce Commission or the Federal Communications Commission * * (Emphasis ours.)

The words of a statute must be given their plain meaning unless so doing would clearly defeat the lawmakers’ intention. South Carolina…