04/15/2026
Great news for all South Carolina tax payers. This is the initial tax cut. Moving forward South Carolina plans to continue to lower tax rates over time as long as tax revenues increase by 5% or more annually.
COLUMBIA, S.C. – Governor Henry McMaster was joined today by members of the South Carolina General Assembly and other state leaders for a ceremonial bill signing of H. 4216, the Income Tax bill. The new legislation simplifies South Carolina’s individual income tax structure and establishes a f.....