S.C. FairTax Act

State Bill
The South Carolina FairTax Act :
The SC FairTax Act will achieve the following objectives in South Carolina:

  • It eliminates state income taxes on households and businesses, saving them thousands $$$.
  • It includes a monthly Prebate check which pays for sales expenses for groceries, medicine, etc. (see Prebate table here)
  • It only taxes new retail goods and services at the point of sale.
  • It simplifies our state tax code and eliminates the SC 1040 income tax form.
  • It treats all taxpayers and businesses the same.
  • It provides a 6% base sales tax which brings in the same amount of money for the State government as our current tax code.

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