
Available in All South Carolina Counties
Taxscribe transforms tax management for business owners and CPAs in South Carolina, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate South Carolina’s tax compliance requirements.
Available Forms:
- - Business Personal Property Return PT-100
What is Business Personal Property?
Business Personal Property (BPP) Tax is a property tax on the depreciable assets of a business. Property typically includes the furniture, fixtures, and equipment that are owned and used to operate a business.
Business Personal Property (BPP) Tax is a property tax on the depreciable assets of a business. Property typically includes the furniture, fixtures, and equipment that are owned and used to operate a business.
Who should file a Business Personal Property Tax Return?
All businesses are required to file Business Personal Property Tax returns. This includes businesses (foreign or domestic) that lease equipment located in South Carolina.
All businesses are required to file Business Personal Property Tax returns. This includes businesses (foreign or domestic) that lease equipment located in South Carolina.
When you should file:
Business Personal Property Tax Returns are due four months after the business’s accounting closing period. The accounting closing period refers to the business’s year end, when the accounting books are closed for Income Tax purposes.
Business Personal Property Tax Returns are due four months after the business’s accounting closing period. The accounting closing period refers to the business’s year end, when the accounting books are closed for Income Tax purposes.
Exemptions:
Some exemptions for personal property may be available. Contact your local assessor for more information.
Some exemptions for personal property may be available. Contact your local assessor for more information.
Important Notes:
- If you do not file your return by the due date, the SCDOR will assess an estimated value based on the prior year’s return and an additional 10% penalty. The final assessed value is then certified to the county for billing.
- Any questions regarding business personal property tax should be directed to your local assessor.
- If you do not file your return by the due date, the SCDOR will assess an estimated value based on the prior year’s return and an additional 10% penalty. The final assessed value is then certified to the county for billing.
- Any questions regarding business personal property tax should be directed to your local assessor.
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