For Media Contact:
Public Affairs Office
Samantha Cheek (CheekS@sctax.org)
FOR IMMEDIATE RELEASEDecember 22, 2010
New Business Personal Property Filing Procedure for SC Businesses
South Carolina businesses have a new filing process for business personal property tax returns with the South Carolina Department of Revenue. Starting January 1, 2011, all businesses with account closing periods of December 31, 2010 and after must file online through South Carolina Business One Stop (SCBOS).
Through online filing, users may upload a prepared file, or manually enter their return information on the website. The return information is then distributed by the Department of Revenue to local governments for tax purposes. The new process will improve reporting and efficiency for businesses and the state while saving printing and postage costs.
Business Personal Property Tax Returns must be filed four months after the account closing period. Businesses with account closing on December 31, 2010 must file by April 30, 2011.
Users may find out more information about the new process by visiting the SCBOS web site (www.scbos.sc.gov) for more information.
South Carolina Business One Stop is the official business portal for the State of South Carolina. Along with the new business personal property tax filing, business users may add and pay for many other licenses, permits, and registrations, such as Alcohol Beverage Licensing, Wage and Contribution Reports, Incorporation filings, among others.