Skip to main content

Voices. Knowledge. Solutions.

Act 176 standardizes many elements of business license tax administration that were previously determined by individual municipalities. 

Act 176 requires cities and towns that levy a business license tax to 

  • Issue a business license for a period of May 1 to April 30.
  • Calculate the tax based on a business’ gross income for the previous calendar year or its previous fiscal year. 
  • Use the law’s definition of gross income. 
  • Accept a standardized application approved by the SC Revenue and Fiscal Affairs Office. 
  • Use the law’s standardized class schedule. 
  • Allow businesses to make renewal payments through an online payment system hosted by the SCRFA. 
  • Use the law’s standardized appeals process. 
  • Set rates for the 2022 license year to prevent a revenue windfall in the first year of compliance with the law.