Kay Hobart wrote an article in Bloomberg Tax about the uncertainty financial institutions in South Carolina are facing "over a basic question: how are they taxed in the Palmetto State?" 

"The calculation of the tax was recently thrown into doubt as a result of a ruling by an administrative law judge in Synovus Bank v. South Carolina Department of Revenue," Kay wrote. She provided background on the case and explained its implications for banks. 

Subscribers can read the full article here. Bloomberg Tax is one of the world's leading sources for tax news and analysis.