South Carolina
By the Numbers

South Carolina Below is a snapshot of key features of South Carolina's tax system. (Scroll Down)
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: 5.00%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
  • Apportionment Note: Certain corporations may use sales only formula
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

Sources & Glossary