Tobacco manufacturers and distributors have long made refund/rebate payments to retailers for the retailer’s purchase of cigarettes and other tobacco products from the manufacturer, provided the retailer reduces the price of...more
The South Carolina Department of Revenue (“DOR”, “SCDOR”, the “Department”) recently issued SC Information Letter #20-22 in which it released a series of helpful “Information Guides” concerning updated and specific...more
8/13/2020
/ Administrative Appeals ,
Department of Revenue ,
Income Taxes ,
Information Letters ,
New Guidance ,
Property Tax ,
State Taxes ,
Tax Appeals ,
Tax Assessment ,
Tax Exemptions ,
Tax Returns
In disputed tax cases in South Carolina, the South Carolina Department of Revenue (SCDOR, DOR, or Department) will often argue that our courts should defer to SCDOR’s own interpretation of the tax laws at issue in the case....more
Many South Carolinians who have been furloughed or laid-off from work have received unemployment benefits from the South Carolina Department of Workforce. These benefits have been increased under the federal Coronavirus Aid,...more
On April 13, 2020, the South Carolina Department of Revenue issued SC Information Letter #20-8 with updated guidance concerning COVID-19 related filing and payment extensions. This guidance provides...more
On March 17, 2020, the South Carolina Department of Revenue announced, through SC Information Letter #20-3, that all South Carolina tax filing and payment deadlines starting on April 1, 2020 were extended to June 1, 2020. ...more
3/25/2020
/ Coronavirus/COVID-19 ,
Filing Deadlines ,
Income Taxes ,
IRS ,
State Taxes ,
Tax Liability ,
Tax Penalties ,
Tax Planning ,
Tax Relief ,
Tax Returns ,
Time Extensions
The South Carolina Department of Revenue (SCDOR or DOR) recently issued a draft of long-awaiting guidance overhauling DOR’s administrative practices concerning disputed tax audits, refunds, license revocations, and other...more
2/10/2020
/ Comment Period ,
Department of Revenue ,
Draft Guidance ,
Income Taxes ,
Public Comment ,
Revenue Procedures ,
State Taxes ,
Tax Audits ,
Tax Liability ,
Tax Litigation ,
Tax Refunds ,
Tax Returns
The South Carolina Department of Employment and Workforce (SCDEW) administers the South Carolina unemployment benefit program for state residents, and which is funded by a state-wide unemployment tax on employee wages....more
With the adoption by Congress of the 2018 Farm Bill, and which decriminalized the cultivation and growing of industrial hemp and related products, states now, including South Carolina, have adopted and expanded programs...more
7/29/2019
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Criminal Liability ,
Decriminalization of Marijuana ,
Department of Agriculture ,
Hemp ,
License Fees ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
State Taxes
South Carolina has some of the highest business property taxes in the Southeast, particularly for manufacturers. Property for manufacturers is taxed at: (1) the fair market value of land and buildings, and the depreciated...more
7/25/2018
/ Business Taxes ,
Department of Revenue ,
Draft Guidance ,
In-Lieu Fees ,
Manufacturers ,
Property Tax ,
Property Valuation ,
State and Local Government ,
State Taxes ,
Tax Incentives ,
Tax Returns
South Carolina imposes a sales tax on the retail sale of tangible personal property in the state. South Carolina also charges a separate and related “use tax” on retail purchases of tangible personal property outside of South...more
South Carolina has some of the highest business property taxes in the Southeast. The state generally taxes land, buildings, machinery and equipment, and furniture and fixtures, but does not tax inventory, pollution control...more
7/3/2018
/ Business Taxes ,
Commercial Property Owners ,
Economic Development ,
In-Lieu Fees ,
Investment Management ,
Manufacturers ,
Property Tax ,
State Taxes ,
Tax Credits ,
Tax Incentives ,
Tax Liability ,
Tax Planning ,
Tax Rates
On April 11, 2018, the South Carolina House of Representatives passed House Bill 3684, which will allow the South Carolina Department of Revenue (SCDOR or DOR) to centralize state tax lien filings. State tax lien filings are...more
Form FS-102, Payment Plan Request. The form previously required a taxpayer to first make a ten (10) percent down payment of all taxes due, and to also pay a $45 filing fee, as conditions for a payment plan, but DOR then had...more
The South Carolina General Assembly approved a law in 2015 allowing the South Carolina Department of Revenue to offer an amnesty program to taxpayers in the state who have not filed tax returns and/or owe state taxes....more
The South Carolina Department of Revenue (SCDOR) administers the state’s tax laws. Like the IRS, SCDOR audits tax returns, but only certain returns subject to South Carolina tax, such as South Carolina income tax returns,...more