State Bill
The South Carolina FairTax Act :
- Executive summary (pdf)
- S-274 Senate Bill - Click here to Print file or Click Here read the bill online.
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.
