SC Revenue Rulings

The Department of Revenue publishes revenue rulings to provide guidance to the public. It is an advisory opinion issued to apply principles of tax law to a set of facts or general category of taxpayers.

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Now showing 1 - 5 of 72
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    SC revenue ruling #24-2
    (2024-03-24) South Carolina Department of Revenue
    The S.C. code of laws provides a credit against a taxpayer’s income tax liability for the purchase and installation of a qualifying solar energy system, small hydropower system, or geothermal machinery and equipment. This credit is generally known as the “Solar Energy Credit.” The purpose of this advisory opinion is to answer frequently asked questions about this credit.
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    SC revenue ruling #24-1
    (2024-01-09) South Carolina Department of Revenue
    To effectuate the goal of providing a single source of information about the application of the deed recording fee, the Department incorporates herein the guidance provided in the January 2024 version of the Deed Recording Fee Manual as if it were published in its entirety in this Revenue Ruling.
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    SC revenue ruling #23-4
    (2022-07-07) South Carolina Department of Revenue
    Farmers in the agriculture industry enjoy numerous exemptions from South Carolina’s sales and use tax. Farmers issued a South Carolina Agriculture Tax Exemption (“SCATE”) card by the South Carolina Department of Agriculture may purchase certain items free of state sales and use tax and free of any local sales and use taxes collected by the Department on behalf of local jurisdictions. For a sale to be exempt requires the farmer’s use of the product in the agricultural industry for business purposes. For example, a farmer’s purchase of a tractor implement used to cultivate a field used to grow vegetables for sale for human consumption is exempt. The same implement used to cultivate a food plot for wild game is not exempt even if the purchaser holds a SCATE card.
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    SC revenue ruling #23-3
    (2023-09-26) South Carolina Department of Revenue
    In Jack's Custom Cycles, Inc. v. S.C. Dep't of Revenue, 439 S.C. 35, 885 S.E.2d 433 (Ct. App. 2023), reh'g denied (Apr. 26, 2023), the South Carolina Court of Appeals held that the term “motor vehicle” includes certain vehicles that the Department of Revenue previously excluded from the maximum tax provisions in S.C. Code Ann. § 12-36-2110. The purpose of this advisory opinion is to update guidance concerning which vehicles are motor vehicles subject to the partial tax exemption pursuant to S.C. Code Ann. § 12-36-2110. This document is concerning motor vehicles, motorcycles, recreational vehicles, and self-propelled light construction equipment (sales and use tax).
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    SC revenue ruling #22-15
    (2022-09-07) South Carolina Department of Revenue
    Attached is a brief summary of most of the significant changes in tax and regulatory laws enacted during the past legislative session. The summary is divided into categories, by subject matter, as indicated in the document.