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

  • SC information letter #22-17 

    South Carolina Department of Revenue (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 

    South Carolina Department of Revenue (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 

    South Carolina Department of Revenue (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 

    South Carolina Department of Revenue (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 

    South Carolina Department of Revenue (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.
  • SC information letter #22-12 

    South Carolina Department of Revenue (2022-06-11)
    This is an index of South Carolina advisory opinions issued by the Department from 1987 through June 30, 2022.
  • SC information letter #22-11 

    South Carolina Department of Revenue (2022-07-11)
    A citator of advisory opinions issued by the Department from 1987 through June 30, 2022 is available. This citator provides assistance in determining what effect new advisory opinions have on those previously published to ...
  • SC information letter #22-10 

    South Carolina Department of Revenue (2022-06-28)
    Code Section 12-36-2120(57) provides for an annual three-day (72-hour) sales tax holiday for eligible sales taking place the first Friday in August through midnight the following Sunday night.
  • SC information letter #22-9 

    South Carolina Department of Revenue (2022-06-24)
    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 #22-8 

    South Carolina Department of Revenue (2022-04-12)
    If 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 #22-7 

    South Carolina Department of Revenue (2022-03-31)
    An index of South Carolina advisory opinions issued by the Department from 1987 through March 31, 2022 is attached.
  • SC information letter #22-6 

    South Carolina Department of Revenue (2022-03-31)
    A citator of advisory opinions issued by the Department from 1987 through March 31, 2022 is available. This citator provides assistance in determining what effect new advisory opinions have on those previously published.
  • SC information letter #22-5 

    South Carolina Department of Revenue (South Carolina State Library, 2022-03-24)
    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 #22-4 

    South Carolina Department of Revenue (South Carolina State Library, 2022-03-11)
    The purpose of this Information Letter is to provide guidance and clarification with respect to several important South Carolina income tax form reporting or tax software issues identified on South Carolina Forms 1120S, ...
  • SC information letter #22-2 

    South Carolina Department of Revenue (South Carolina State Library, 2022-02-03)
    This is an index of South Carolina advisory opinions issued by the Department from 1987 through December 31, 2021.
  • SC information letter #22-1 

    South Carolina Department of Revenue (South Carolina State Library, 2022-02-03)
    A citator of advisory opinions issued by the Department from 1987 through December 31, 2021 is available. This citator provides assistance in determining what effect new advisory opinions have on those previously published.
  • SC information letter #22-3 

    South Carolina Department of Revenue (South Carolina State Library, 2022-02-25)
    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 #21-31 

    South Carolina Department of Revenue (South Carolina State Library, 2021-12-21)
    On May 15, 2020 the Department issued SC Information Letter #20-11 to announce temporary relief regarding a business’s establishment of nexus (income and sales) solely because an employee is temporarily working in a different ...
  • SC information letter #21-30 

    South Carolina Department of Revenue (South Carolina State Library, 2022-01-01)
    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 #21-29 

    South Carolina Department of Revenue (South Carolina State Library, 2021-12-14)
    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.

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