The main reason for the proposed reduction in the State’s income tax that could eventually be phased out according to some of our leaders, is that South Carolina does not need to depend upon the ...

South Carolina just lowered its top income tax rate again The drop from 6.2% to 6% is part of a plan to boost business and draw more people to the state, though the savings may seem small at first.

COLUMBIA, S.C. (WSPA) – South Carolina leaders made an announcement on Tuesday regarding the future of the state’s income tax. Governor Henry McMaster announced a new bill to make the state ...

Instead of allowing South Carolina state taxpayers to apply the federal deductions to their income — currently $14,600 for single filers and $29,200 for married couples filing jointly — the ...

South Carolina’s Republican supermajority promised sweeping income tax reform, but numbers released this week showed the flat tax would force for many residents to pay several hundred dollars more.

South Carolina Gov. Henry McMaster and a group of state lawmakers announced the new bill Tuesday at the State House. The new bill would drop the state’s income tax rate from the current 6.2%, which ...

South Carolina is currently one of only five states that use federal taxable income as the basis for state taxation. H. 4216 broadens the tax base by switching to federal adjusted gross income ...

State income tax bill in South Carolina . Late last month, South Carolina GOP leaders released a bill, known as HB 4216, to collapse the state’s income tax brackets into one fixed rate of 3.99% ...

COLUMBIA, S.C. — A bill that would overhaul South Carolina’s income tax system is headed to the House floor after clearing the Ways and Means Committee in a 17-6 vote.