South Carolina DOR Updates Bank Income Tax Filing Guidelines

The South Carolina Department of Revenue (DOR) announced that the Corporate Income Tax rate on Banks is 4.5 percent on South Carolina taxable income and returns are due by the fifteenth day of the fourth month after the end of the business year. [S.C. Dep’t of Revenue, Bank Income Tax, 08/01/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.