Released by the SCDOR.
According to the South Carolina Department of Revenue (SCDOR), remote sellers and online marketplace facilitators reported collecting more than $311.5 million in South Carolina Sales and Use Tax between November 1, 2019 and October 31, 2020. Sales Tax from remote sellers doubled compared to the same period last year. The number of remote sellers registered with the SCDOR has also significantly increased.
SCDOR
Meanwhile, online marketplace facilitators – a person or business facilitating retail sales on behalf of a third party – are reporting $183.4 million in South Carolina Sales Tax for the same 2020 period.
The overall data reflect a national trend of increased online sales.
"This means an additional $311.5 million will be available for South Carolina needs," said SCDOR Director Hartley Powell. "The SCDOR's remote sellers policy and the marketplace facilitator law now ensure that all online retailers collect and remit Sales and Use Tax on all sales, just like brick-and-mortar stores, helping level the playing field and bringing more tax dollars into the state."
Where these South Carolina Sales Tax dollars go
$165.7 million – South Carolina's General Fund
$41.3 million – Education Improvement Act Fund
$41.3 million – Homestead Exemption Fund
The rest is distributed to cities and counties that charge local Sales Tax, including $14.4 million for capital projects, $17.8 million for local option, $15.6 million for schools, $13.7 million for roads, and $1.2 million for tourism development.
The Sales and Use Tax reported by remote sellers and online marketplace facilitators are in addition to regular South Carolina Sales and Use Tax collections.
How did we get here?
SCDOR
For more information about remote sellers, visit dor.sc.gov/remotesellers.
Connect with the SCDOR on Facebook and Twitter for up-to-date news and announcements.
