South Carolina

How Long Do You Have To Cancel A Real Estate Contract In South Carolina?

Fortunately, since the sale was made in your home, you have three days to cancel it without owing any money. Sales signed solely in your home are covered by the South Carolina Consumer Protection Code, specifically SC Code 37-2-502. This law gives you until midnight on the third business day after the sale to cancel. …

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What Drives South Carolina’S Economy?

At one point, South Carolina was well known for manufacturing apparel and textiles. Today, this has advanced to a diversified industry manufacturing pharmaceuticals and medicine, aerospace parts, machinery and motor vehicle parts. As of 2019, manufacturing accounted for nearly 17% of the state’s output. What makes up South Carolina’s economy? Tourism, centered around Myrtle Beach, …

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Does South Carolina Tax Federal Retirement Income?

No. Social Security benefits and railroad retirement taxed for federal purposes are not subject to tax in South Carolina. What retirement income is taxed in South Carolina? South Carolina does not tax Social Security retirement benefits. It also provides a $15,000 taxable income deduction for seniors receiving any other type of retirement income. The state …

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How Often Are Properties Reassessed In South Carolina?

every five years. South Carolina law requires counties to reassess every five years. Only real property is reassessed every five years. Values of personal property such as cars, boats and motorcycles are kept current through annual updates by the Department of Revenue. How does South Carolina assess property taxes? South Carolina determines property taxes by …

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