Summary:
Public Utilities are subject to 5% income tax and license fee. The license fee takes the fair market value of property owned and used in the conduct of business in South Carolina times .1% plus .3% of gross receipts derived from services rendered from regulated business within South Carolina during the preceding tax year. The license fee cannot be less than $25. The income tax and the license fee are reported on Form
SC1120U.
eServices:
MyDORWAY: Make your Corporate tax payment on MyDORWAY. No sign in required!
Electronic Funds Transfer (EFT)- Visit
GovOne to make SCDOR tax payments online OR call 1-800-834-7733 to make tax payments with operator assistance or over the Interactive Voice Response system. Taxpayers must complete and submit the Registration Application For Electronic Funds Transfer
D-128 before tax payments can be made via EFT.
2D Barcode: While not an electronic filing method, filing your SC1120 or SC1120S or SC1120TC by 2D Barcode producible software is the next best thing. The software produces a hard, paper copy of the corporate return with entire return’s data stored in the business card sized 2D barcode. This barcode is scanned by equipment at the SCDOR in just seconds.