CCH Tax Day Report
The South Carolina Department of Revenue has released the most recently available per capita income figures for all South Carolina counties, as well as the state figure, for the purpose of calculating property, income, and sales tax incentives. The most recent available state per capita income figure is $38,302.
Incentives that depend on these figures include the following:
– the corporate income job tax credit under Code §12-6-3360;
– the personal property corporate headquarters credit; and
– the sales and use tax exemption for computer equipment for technology-intensive facilities.
Information Letter 16-17, South Carolina Department of Revenue, December 7, 2016, ¶400-840