202103.03
0

South Carolina—Sales and Use Tax: Effective Date of Taxability of Buydown Payments from Tobacco Companies Revised to July 1, 2021

South Carolina: The South Carolina Department of Revenue  issued an information letter revising the effective date for the sales and use taxability of tobacco company payments to retailers, commonly known as buydowns, to July 1, 2021. In a previous Revenue Ruling (20-3), the department had stated that taxability of buydowns would be effective for retail…