South Carolina’s sales and gross receipts tax revenue down 8.6% in Q1 compared to same quarter of the previous year

W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue
W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue
0Comments

South Carolina collected $2.4 billion in sales and gross receipts taxes during the first quarter of 2025, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This represents an 8.6% decrease from the same quarter the previous year, when sales and gross receipts tax revenue was $2.6 billion.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities, and tobacco products.

Individual income taxes are based on net personal income and taxes imposed on dividends, interest, and income from intangibles.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, South Carolina collected $4 billion in combined tax revenues in Q1.

Q1 South Carolina Tax Collections
Type of Tax Amount (millions)
Sales and Gross Receipts Taxes $2,381
Income Taxes $1,316
License Taxes $175
Other Taxes $65
Property Taxes $26

Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



Related

Anita W. Huggins, Superintendent of Charleston County School District

Hannah Bodie named next principal of Mamie P. Whitesides Elementary School

Hannah Bodie will become principal of Mamie P. Whitesides Elementary starting July 1, succeeding Michelle Conner who is relocating out of state. Bodie’s background includes more than twenty years in education at various roles within Charleston County School District.

Anita W. Huggins, Superintendent of Charleston County School District

Elizabeth Kackley appointed principal of North Charleston Elementary School

Elizabeth Kackley has been appointed as the new principal of North Charleston Elementary School starting July 1. She previously led Oakland Elementary to an Excellent rating on its report card. Superintendent Anita Huggins praised her track record in supporting student achievement.

Alan Wilson, Attorney General of South Carolina

Attorney General Alan Wilson joins brief challenging federal environmental regulations

Attorney General Alan Wilson has joined a multi-state effort challenging federal CFC reduction rules. The case raises questions about congressional delegation of power. The outcome could impact both regulatory policy and state-federal relations.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Palmetto State News.