South Carolina

What's New


By the Numbers

Personal Income Tax Features (2015)
Range of Tax Rates 0% - 7%
Standard Deduction
  • $6,300 ($12,600 for Married Couples)
  • Personal Exemption $4,000
    Dependent Exemption $4,000
    Earned Income Tax Credit (EITC) None
  • Notable capital gains preference
  • Business income taxed at lower rate
  • Corporate Income Tax Features (2015)
    Range of Tax Rates Business income taxed at lower rate
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 5.00%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) No
    Apportionment Factor (Sales) 0%
    Sales Tax Features (2015)
    State Sales Tax Rate 6.00%
    Average Local Sales Tax Rate 1.10%
    Average Combined State & Local Sales Tax Rate 7.10%
    State Sales Tax Treatment of Groceries Exempt
    Local Sales Tax Treatment of Groceries Taxed
    Number of Services Taxed 35 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership No
  • Sales tax holiday offered in 2014
  • Property Tax Features (2015)
  • No homeowner property tax on school operating costs.
  • Homestead taxable value increases limited to 15% every 5 years.
  • Other Tax & Revenue Features (2015)
    Gasoline Tax Rate (per gallon) $0.168
    Diesel Tax Rate (per gallon) $0.168
    Cigarette Tax Rate (per pack) $0.57
    Estate or Inheritance Tax No
    Net Lottery Sales Per Capita $198 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes, but excludes at least one major tax
    Tax Incidence Analysis Capability None

    Last updated January 13, 2015