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The IRS has determined whether the South Carolina tax rebate issued in 2022 is taxable on the federal level. Here are the details.
5 new things to know for SC 2023 tax season. No state taxes on rebate. South Carolina residents who received a 2022 state tax rebate might get a 1099G. However, they owe no state taxes on the ...
The South Carolina Department of Revenue has begun issuing rebates to taxpayers for as much as $800, the department announced on Monday. State lawmakers in June approved the parameters for a tax ...
Movie production incentives are tax incentives offered on a state-by-state basis throughout the United States to encourage in-state film production. Since the 1990s, states have offered increasingly competitive incentives to lure productions away from other states. The structure, type, and size of the incentives vary from state to state. Many include tax credits and exemptions, and other ...
The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of private equity in developing affordable housing. [2] Projects ...
The state Department of Revenue plans to distribute rebates in a much simpler fashion this year, the agency says, after nearly 68,000 $50 rebate checks in 2019 went uncashed.
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