Todd Olds v. City of Goose Creek

Summary

The South Carolina Supreme Court reversed the Court of Appeals, holding that the City of Goose Creek’s business‑license ordinance requires "gross income" to be measured by the gains derived from dealings in property, not by total receipts or sales price. The Court based its decision on the plain language of the ordinance and the specific "shall conform" provision linking the figure to the amount reported to the State Tax Commission.