
Changes for South Carolina individual income taxes
New legislation designed to simplify the Palmetto State’s personal income tax structure while lowering the tax rate is official. Surrounded by members of the general assembly and other leaders, Gov. Henry McMaster (R) signed H.4216 into law on Wednesday. Beginning in this tax year, the measure changes the individual income tax system to a two-rate structure. Currently, there are three brackets. “Cutting the personal income tax in South Carolina has long been a top priority, and today we are continuing to deliver,” said McMaster during the ceremony. “This is another

