On June 1 (where did half the month go already!?), South Carolina's general state sales tax rate bumped up a percentage point to
Under the legislation authorizing the new rate, the money collected from the one percent increase will go to the Homestead Exemption Fund to help reduce property taxes.
State Department of Revenue officials note, however, that there are some exemptions to the new rate. It does not affect lodging, which is subject to a 7 percent levy; items subject to the $300 maximum tax (motor vehicles, airplanes, boats, and certain trailers), which will remain subject to a 5 percent rate; or the
Details on South Carolina's new sales tax rate and exclusions can be found in this document.