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SC information letter #19-11
South Carolina Department of Revenue
South Carolina Department of Revenue
Issue Date
2019-04-03
Type
Text
Keywords
Advisory opinions--South Carolina, South Carolina Department of Revenue--Periodicals, Income--South Carolina
Abstract
A number of South Carolina income, sales and use, and property tax incentives require jobs associated with the incentive to meet certain state or county per capita personal income requirements to determine qualification for, or the amount of, the particular incentive (e.g., the job tax credit under Code Section 12-6-3360, the sales and use tax exemption for computer equipment for technology intensive facilities under Code Section 12-36-2120(65), and the personal property corporate headquarters credit under Code Section 12-6-3410). Generally, the state figures are published in March and September. The county per capita income figures are generally published in November. In order to aid taxpayers in determining whether the per capita income requirements of an incentive have been met, the Department publishes both the State and county per capita income amounts each year when it receives the figures from the South Carolina Board of Economic Advisors. The most recently available State per capita income figure is: State of South Carolina $42,736
Rights
Copyright status undetermined. For more information contact, South Carolina State Library, 1500 Senate Street, Columbia, South Carolina 29201.