NEWS RELEASE

SOUTH CAROLINA DEPARTMENT OF REVENUE

Public Affair Office                     Phone (803) 898-5464

Contact: Danny Brazell                  Fax (803) 898-5446

                                              Email: brazeld@sctax.org

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FOR IMMEDIATE RELEASE

July 28, 2003 

Child tax credit refund not subject to S.C. taxes

      South Carolinians who will in the next few weeks receive an advance child care credit income tax refund from the federal government will be happy to know they do not have to report the refund as taxable income on their 2003 state income tax return. Federal income tax refunds are not taxable in South Carolina.

      The U.S. Treasury Department will begin mailing the $400-per-child tax refunds later this month. For information on the advance child care tax credit, go to the Internal Revenue Service web site at www.irs.gov, or call 1-800-829-1040. For information on South Carolina taxes, visit the Department of Revenue web site at www.sctax.org.

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