What South Carolina state per capita income figure applied for economic-incentive tests in April 2023?

Plain-English summary

South Carolina's most recently available state per capita personal income figure was $53,320 when this letter was issued on April 17, 2023.

The Department publishes the figure because several income, sales and use, and property-tax incentives use state or county per capita income to determine eligibility or benefit amount. The letter identifies the job tax credit, the computer-equipment exemption for technology-intensive facilities, and the corporate-headquarters credit as examples.

State figures generally are published in March and September, while county figures generally are published in November, using data received from the South Carolina Revenue and Fiscal Affairs Office.

What this means for you

Use $53,320 only for the incentive period tied to this publication. Check later Information Letters for updated state or county figures.

Common questions

Q: What figure did the letter publish? A: $53,320.

Q: Why does it matter? A: It is a benchmark used by multiple economic-development incentives.

Citations and references

• S.C. Code Ann. §§ 12-6-3360 and 12-6-3410
• S.C. Code Ann. § 12-36-2120(65)
• S.C. Code Ann. § 12-4-320; SC Revenue Procedure #09-3

Subject

Per Capita Income Figures for State of South Carolina

Source

• Landing page: https://dor.sc.gov/advisory-opinion-search
• Original PDF: https://dor.sc.gov/sites/dor/files/policies/IL23-5.pdf

Original ruling text

STATE OF SOUTH CAROLINA

DEPARTMENT OF REVENUE
300A Outlet Pointe Blvd., Columbia, South Carolina 29210
P.O. Box 125, Columbia, South Carolina 29214-0575

SC INFORMATION LETTER #23-5
SUBJECT:

Per Capita Income Figures for State of South Carolina

DATE:

April 17, 2023

SUPERSEDES: All previous documents and any oral directives in conflict herewith.
AUTHORITY:

S.C. Code Ann. Section 12-4-320 (2014)
S.C. Code Ann. Section 1-23-10(4) (2005)
SC Revenue Procedure #09-3

SCOPE:

An Information Letter is a written statement issued to the public to
announce general information useful in complying with the laws
administered by the Department. An Information Letter has no
precedential value.

A number of South Carolina income, sales and use, and property tax incentives require jobs
associated with the incentive to meet certain state or county per capita personal income
requirements to determine qualification for, or the amount of, the particular incentive (e.g.
the job tax credit under Code Section 12-6-3360, the sales and use tax exemption for
computer equipment for technology intensive facilities under Code Section 12-36-2120(65),
and the personal property corporate headquarters credit under Code Section 12-6-3410).
Generally, the state per capita income figures are published in March and September. The
county per capita income figures are generally published in November. In order to aid
taxpayers in determining whether the per capita income requirements of an incentive have
been met, the Department publishes both the state and county per capita income amounts
each year when it receives the figures from the South Carolina Revenue and Fiscal Affairs
Office. The most recently available state per capita income figure is:
State of South Carolina

1

$53,320