South Carolina businesses have historically been subject to business license taxes on their gross income that vary widely from jurisdiction to jurisdiction. The South Carolina Business License Tax Standardization Act (the...more
South Carolina enacted a state low income housing tax credit on May 14, 2020...
The South Carolina State Housing Finance and Development Authority (SC Housing) is required to issue an eligibility statement in order for a...more
The South Carolina General Assembly passed the Workforce and Senior Affordable Housing Act on May 12, 2020, and the Act was signed into law by the Governor on May 14, 2020. The Act is effective for qualified projects placed...more
South Carolina state tax liens were previously recorded each county’s register of deeds, register of mesne conveyance, or clerk of court (i.e. in the same place where real property records are recorded). In March 2019 the...more
In South Carolina, a maximum or “capped” sales tax of $500 ($300 for sales on or before June 30, 2017) is imposed on the sale of motor vehicles and certain other vehicles. Under the facts of a recent South Carolina...more
South Carolina imposes a number of civil tax penalties that are similar to those imposed under the Internal Revenue Code (the “Code”). South Carolina’s civil tax penalties, while similar in some respects, are not the same as...more
2/11/2019
/ Books & Records ,
Department of Revenue ,
Failure To Pay ,
Failure-to-File ,
Filing Requirements ,
Good Faith ,
Income Taxes ,
Interest Payments ,
Reasonable Cause Defense ,
State Taxes ,
Tax Debt ,
Tax Fraud ,
Tax Penalties ,
Tax Planning
The Policy Division of the South Carolina Department of Revenue has issued a final revenue ruling, SC Revenue Ruling #18-14, addressing retailers without a physical presence in South Carolina. The ruling comes on the heels of...more
9/20/2018
/ Department of Revenue ,
Economic Presence Nexus ,
Final Guidance ,
Internet Retailers ,
Online Platforms ,
Retail Licenses ,
Retailers ,
Sales & Use Tax ,
Sellers ,
State Taxes ,
Tangible Property
The Policy Division of the South Carolina Department of Revenue has issued a draft revenue ruling addressing retailers without a physical presence in South Carolina. Comments on the draft ruling are due by August 27, 2018,...more
8/15/2018
/ Amazon ,
Comment Period ,
Department of Revenue ,
Economic Presence Nexus ,
Internet Retailers ,
Online Platforms ,
Public Comment ,
Registration Requirement ,
Retail Licenses ,
Retailers ,
Sales & Use Tax ,
Sellers ,
State Taxes ,
Tangible Property ,
Tax Returns
In an important decision, the South Carolina Administrative Law Court (ALC) recently ruled that a bartending service was not liable for sales tax on separately-stated service charges. See A Southern Bartender v. South...more
Taxpayers who disagree with a proposed tax assessment issued by the South Carolina Department of Revenue (SCDOR or DOR) may or may not be able reach an agreement at the administrative level. When taxpayers and SCDOR cannot...more
5/2/2018
/ Administrative Law Judge (ALJ) ,
Appeals ,
Bonds ,
Contested Proceedings ,
Department of Revenue ,
Interest Rates ,
IRS ,
Judicial Review ,
Overpayment ,
State Taxes ,
Tax Assessment ,
Tax Debt ,
Tax Liens ,
Tax Penalties
There are 12.9 million acres of commercial forestland in South Carolina. More than half of the forestland is family-owned, and 82% of private owners live on the land. The state also has about 25,000 farms, which encompass 4.9...more