Sales taxes in these SC counties will go up soon. Here are the details
Residents in a few South Carolina counties will be paying higher sales taxes soon.
According to the South Carolina Department of Revenue, sales taxes are set to rise in three counties in the state starting May 1. In each county, the new tax money will be used to pay for planned projects.
The statewide sales and use tax is 6%. County governments are allowed to impose an additional 1% local sales tax if voters in those counties approve it.
Below are the counties facing higher sales taxes starting this year.
SC counties with higher sales taxes
Georgetown County: Adding a new Capital Projects Tax. As a result, the sales tax rate will increase to 7%.
The sales tax hike will fund 22 capital projects across the county, such as a new emergency operations center and new water and sewer projects in rural areas. The tax will remain in place for eight years.
Jasper County: Adding a new Transportation Tax. As a result, the sales tax rate will increase to 9%. The tax is set to last for 15 years and will collect an estimated $376 million that’s earmarked for transportation projects. Another estimated $94 million has been set aside for greenbelt initiatives to protect the area’s natural resources.
Sumter County: Adding a new Capital Projects Tax. As a result, the county’s sales tax rate will increase to 8%.
The sales tax hike is estimated to collect $125 million and will be used to fund 30 projects, including infrastructure, public safety, and economic development.
Other SC sales tax changes
Horry County: Adding a new Transportation Tax, but its Capital Projects Tax is expiring. As a result, its sales tax will remain at 8%.
The Transportation Tax is expected to generate about $6 billion in revenue over the next 25 years to pay for dozens of road projects.
Williamsburg County: Its Capital Projects Tax is expiring. As a result, the county’s sales tax rate will drop to 7%.
