SC governor signs bills reducing income tax rates, boat property taxes

By: Skylar Laird

Outlets: South Carolina Daily Gazette

Published: March 30, 2026

Words: 409

Last Updated: 4 months ago

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COLUMBIA — Many South Carolina taxpayers will pay less income taxes next year, while boat owners will get a break on property taxes after Gov. Henry McMaster signed two tax-cutting bills into law Monday.

The income tax law is expected to give almost 43% of filers a break on their taxes filed in April 2027, cutting state revenues by nearly $309 million in its first year. The top income tax rate will continue …

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