All tax returns in the Palmetto State are to be filed by 15th of April. If the 15th turns out to be a holiday or weekend the next business becomes the last day for filing State Tax with South Carolina Department of Revenue. South Carolina Department of Revenue has various online features for online tax filing and monitoring tax refunds.
There are six tax brackets tax filers in the great State of South Carolina:
Effective from June 1st 2007 Sales Tax in South Carolina has increased from five per cent to six per cent. Many counties impose an additional one per cent local option sales tax. Citizens who are 85 and older get a 1 per cent tax break on sales tax when they present their IDs at point of sales.
Both gasoline and diesel is taxed equally at 16.8 cents a gallon. Cigarettes are cheap in the South Carolina as the Cigarette tax is only seven cents for a pack of 20 cigarettes.
South Carolina Department of Revenue assists local Government bodies in the assessment and collection of real and personal property tax. Estimates show that approximately 66 per cent of all county collected taxes are spent on public education. South Carolina also levies a casual excise tax on all vehicles, boats, and registered aircraft. South Carolina does not levy any inheritance tax
Ray N. Stevens was appointed as the director of South Carolina Department of Revenue by Governor Mark Sanford in the first quarter of 2006.
In 2004 The State of South Carolina collected $ 5,116,000,000 in revenue. This equated to an average revenue per capita of $ 1,218.66 for the State of South Carolina which is roughly 4.66 per cent.