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On March 27, 2020 Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the COVID-19 pandemic. As part of the relief provided, up to a $300 federal income tax deduction is allowed for charitable donations made in 2020 for individuals who claim the standard deduction. To be eligible, the contribution is required to be made in cash to a qualifying charitable organization. During the 2020 Legislative Session, South Carolina conformed to the Internal Revenue Code as of December 31, 2019, but did not conform to the federal CARES Act enacted by Congress in March 2020. Accordingly, there is no South Carolina charitable contribution deduction for an individual who claims the standard deduction in tax year 2020.

This is an overview of the 2020 legislative session with regards to taxation legislation.

These three charts that should provide guidance concerning the various types of local sales and use taxes collected by the Department of Revenue and the types of exemptions allowed under each tax. These charts only address the general local sales and use taxes collected by the Department of Revenue on behalf of the counties, municipalities, school districts, and the Catawba Indian tribal government. They do not address the local taxes on sales of accommodations or on sales of prepared meals that are collected directly by the counties or municipalities.

SC law allows a taxpayer and the Department of Revenue to enter into an agreement to use an allocation and apportionment method other than the standard single sales method, gross receipts method, or industry specific methods. This advisory opinion provides an overview of each of the conditions that must be met to qualify for an economic development based method and the application process.

Licensed micro-distilleries in South Carolina are permitted to offer tastings to consumers that are held in conjunction with a tour of the on-site licensed premises. During the 2021 Legislative Session, Code Section 61-6-1140, concerning tours, tastings, and retail sales at micro-distilleries and manufacturing facilities, was amended effective May 17, 2021.

Attached are three charts that should provide guidance concerning the various types of local sales and use taxes collected by the Department of Revenue and the types of exemptions allowed under each tax.

The purpose of a Revenue Ruling is to provide guidance to the public. It is an advisory opinion issued to apply principles of tax law to a set of facts or a general category of taxpayers. It is the Department's position until superseded or modified by a change in statute, regulation, court decision, or another Departmental advisory opinion.

This information guide explains the South Carolina Tax Appeals Procedure for State Tax Refund Claims (Other than Property Tax, Bingo, and Alcoholic Beverage Matters).

Attached are updated "Information Guides" for each type of tax appeal that briefly explain the procedures outlined in SC Revenue Procedure #20-1. The guides are intended as a quick reference tool for taxpayer's and tax practitioners.

This Information Letter provides a summary of South Carolina conformity with Internal Revenue Code (IRC) sections affecting individual taxpayers. A chart of the individual tax provisions in the TCJA and whether or not South Carolina adopts the IRC section is attached. This summary is written in general terms and does not contain all of the specific requirements or details of the code sections.

This revenue ruling supersedes SC Revenue Ruling #13-2. This ruling deals with sales to government employees, foreign diplomats, and other similar employees while on official business.

On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the COVID-19 pandemic. As part of the relief provided, the Paycheck Protection Program (PPP) was established to provide loans to small businesses for the purpose of paying payroll costs (e.g., wages and benefits) and occupancy costs (e.g., mortgage interest, rent, and utilities) to keep the businesses operating and employees on the payroll. The loan can be forgiven, in whole or part, if the business meets or exceeds certain thresholds related to payroll and occupancy costs. Any portion of the PPP loan that is not forgiven must be repaid over two years at 1% interest.

Attached are three charts that provide guidance concerning the various types of local sales and use taxes collected by the Department and the types of exemptions allowed under each tax. These charts only address the general local sales and use taxes collected by the Department on behalf of the counties, municipalities, school districts, and the Catawba Indian tribal government.

Attached are three charts that provide guidance concerning the various types of local sales and use taxes collected by the Department and the types of exemptions allowed under each tax. These charts only address the general local sales and use taxes collected by the Department on behalf of the counties, municipalities, school districts, and the Catawba Indian tribal government.

Sales of honey bees are exempt from the sales and use tax as "livestock" under Code Section 12-36-2120(4).