RSS 1.0SC Information Letters
The Department of Revenue publishes information letters to provide information to the public to announce general information useful in complying with the laws administered by the Department. An Information Letter has no precedential value.
Recent Submissions
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SC information letter #23-5
(2023-04-17)The county per capita income figures are generally published in November. The state figures are generally published in March and September. In order to aid taxpayers in determining whether the per capita income requirements ... -
SC information letter #23-3
(2023-03-27)f April 16 falls on a Saturday, Emancipation Day is observed on Friday, April 15. If April 16 falls on a Sunday, Emancipation Day is observed on Monday, April 17. As a result, in certain years this holiday will have ... -
SC information letter #23-4
(2023-05-01)The South Carolina Code of Laws allows the imposition of various types of local sales and use taxes. Citizens of a county, depending upon the needs within the county, may impose one or several local sales and use taxes. ... -
SC information letter #23-2
(2023-02-16)The interest rate to be applied to underpayments and overpayments of taxes is listed here. The rate is compounded daily except simple interest applies to the underpayment of declaration of estimated tax. -
SC information letter #23-1
(2023-03-01)The South Carolina Code of Laws allows the imposition of various types of local sales and use taxes. Citizens of a county, depending upon the needs within the county, may impose one or several local sales and use taxes. ... -
SC information letter #22-25
(2022-12-21)The South Carolina Code of Laws allows the imposition of various types of local sales and use taxes. Citizens of a county, depending upon the needs within the county, may impose one or several local sales and use taxes. ... -
SC information letter #22-25
(2022-12-16)The South Carolina Code of Laws allows the imposition of various types of local sales and use taxes. Citizens of a county, depending upon the needs within the county, may impose one or several local sales and use taxes. ... -
SC information letter #22-24
(2022-12-14)The county per capita income figures are generally published in November. The state figures are generally published in March and September. In order to aid taxpayers in determining whether the per capita income requirements ... -
SC information letter #22-23
(2022-12-14)The purpose of this information letter is to provide the county rankings for purposes of the job tax credit, counties qualifying for the tax moratorium, and counties qualifying for the reduced fee in lieu of property tax. -
SC information letter #22-22
(2022-12-06)The interest rate to be applied to underpayments and overpayments of taxes is listed here. The rate is compounded daily except simple interest applies to the underpayment of declaration of estimated tax. -
SC information letter #22-21
(2022-11-01)This is an index of South Carolina advisory opinions issued by the Department from 1987 through September 30, 2022. -
SC information letter #22-20
(2022-11-01)A citator of advisory opinions issued by the Department from 1987 through September 30, 2022 is available. This citator provides assistance in determining what effect new advisory opinions have on those previously published. -
SC information letter #22-19
(2022-10-10)On October 5, 2022, the Internal Revenue Service (IRS) provided special filing and payment relief to persons affected by Hurricane Ian. Persons affected by Hurricane Ian include individuals who live in, and businesses ... -
SC information letter #22-18 (revised)
(2022-10-10)In the “Comprehensive Tax Cut Act of 2022,” the General Assembly appropriated $1 billion to a Taxpayer Rebate Fund to be used to provide a one-time rebate for each 2021 individual income tax return that reports a South ... -
SC information letter #22-18
(2022-10-05)In the “Comprehensive Tax Cut Act of 2022,” the General Assembly appropriated $1 billion to a Taxpayer Rebate Fund to be used to provide a one-time rebate for each 2021 individual income tax return that reports a South ... -
SC information letter #22-17
(2022-09-29)The purpose of this information letter is to provide information on tax changes under the South Carolina Infrastructure and Economic Development Reform Act that becomes effective July 1, 2022.. -
SC information letter #22-16
(2022-07-01)The South Carolina Code of Laws allows the imposition of various types of local sales and use taxes. Citizens of a county, depending upon the needs within the county, may impose one or several local sales and use taxes. ... -
SC information letter #22-15
(2022-09-07)This 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. -
SC information letter #22-14
(2022-09-01)For federal income tax purposes, the receipt of a loan is not a taxable event. Since South Carolina adopts Internal Revenue Code Section 108, to the extent a student loan described in Internal Revenue Code Section 108(f) ... -
SC information letter #22-13
(2022-08-31)The interest rate to be applied to underpayments and overpayments of taxes is listed here. The rate is compounded daily except simple interest applies to the underpayment of declaration of estimated tax.
