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    • Arizona—Property Tax: Property Inspection Procedures Updated for Agricultural Properties
    • California—Multiple Taxes: Business Tax Credits Limitation Extended, Minimum Franchise Tax Reduced for New LLCs/LPs/LLPs
    • California—Sales and Use Tax: Revenue Trailer Bill Includes Expansion of Tax to Digital Products
    • Colorado—Multiple Taxes: 2027 Interest Rate Announced
    • Illinois—Miscellaneous Tax: Guidance Issued on Medical Cannabis Cultivation Tax Changes
    • Illinois—Sales and Use Tax: Guidance Issued on July 1 Hotel Tax Changes
    • Illinois—Sales and Use Tax: Transit Authority Tax Rate Increases Announced
    • Maryland—Motor Fuel Tax: Comptroller Issues Rates Effective July 1
    • Maryland—Sales and Use Tax: Comptroller Issues Sales and Use Legislative Update
    • Mississippi—Sales and Use, Miscellaneous Taxes: Updated Fair Market Values for Cannabis Excise Tax
    • New Jersey—Corporate Income Tax: Net Operating Loss Deduction Temporarily Capped
    • New Jersey—Miscellaneous, Motor Fuel Taxes: Petroleum Products Gross Receipt Rates Unchanged
    • New Jersey—Personal Income Tax: Child Tax Credit Increased Temporarily
    • New Jersey—Personal Income Tax: Reduced Business Deduction For High-Income Taxpayers Enacted
    • Rhode Island—Multiple Taxes: Certain Farmers Will Be Exempt from Tax
    • South Carolina—Corporate Income, Property Taxes: Guidance on Textiles Communities Revitalization Act Credit Updated
    • Vermont—Sales and Use Tax: Tax Cap on Tracked Vehicles Announced for 2026-2028
    • Washington—Sales and Use Tax: High Grossing Business Surcharge Exemption Explained
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    State Tax Day - Current, S.16, South Carolina—Corporate Income, Property Taxes: Guidance on Textiles Communities Revitalization Act Credit Updated, (Jul 2, 2026)

    South Carolina updated its guidance on income and property tax credits available under the Textiles Communities Revitalization Act. The amended revenue ruling addresses the requirement for the textile mill and on-site buildings to be renovated or dem ...

    South Carolina updated its guidance on income and property tax credits available under the Textiles Communities Revitalization Act. The amended revenue ruling addresses the requirement for the textile mill and on-site buildings to be renovated or demolished in order for expenses to qualify for the credit.

    SC Revenue Ruling No. 25-1 (Revised and Amended), South Carolina Department of Revenue, June 24, 2026, ¶401-220

    Other References:

    Explanations at ¶12-085b

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