Summary
Public Utilities are subject to a 5% Income Tax and an annual License Fee. Compute the License Fee at 0.1% (rounded up) of the fair market value of property owned and used in South Carolina to conduct business, as determined by the SCDOR for the prior year's Property Tax. Public Utilities must add 0.3% (rounded up) of gross receipts from services rendered from regulated business in South Carolina during the prior tax year. The minimum License Fee is $25.
Gross receipts, as used in SC Code Section 12-20-100, include all receipts from operations in South Carolina, and other profit and loss items located in South Carolina. Income from intangibles used to conduct business in South Carolina is also included in gross receipts. For more information, see SC Regulation 117-1075.1 at
dor.sc.gov/policy.
Due Dates
File annually on or before the 15th day of the fourth month after the close of the taxable year except for the initial and/or final return.
Tentative Corporate Tax Return is due on or before the 15th day of the fourth month after the close of the taxable year.
Business Income Tax Refund Status
To check the status of your current year South Carolina Business Income Tax refund, you will need to
enter the following information on MyDORWAY:
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FEIN (Federal Employer Identification Number)
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Refund Amount
Mailing Addresses
Refund or Zero Return | Balance Due Return | Estimated Tax (SC1120CDP), Tentative (SC1120T), or Voucher (SC1120V)
| Correspondence
|
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Refund or Zero ReturnSouth Carolina Department of Revenue
Corporate Refund PO Box 125 Columbia, SC 29214-0032 |
Balance Due Return South Carolina Department of Revenue
Corporate Tax PO Box
100151 Columbia, SC 29202
|
CDP, Tentative or S-WHSouth Carolina Department of Revenue
Corporate Voucher PO Box
100153 Columbia, SC 29202
| South Carolina Department of Revenue Corporate Tax PO Box 125 Columbia, SC 29214-0400
|