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Rep Bruce Bannister in Columbia said the new tax code will pay no more tax..

Rep Bruce Bannister in Columbia said the new tax code will pay no more tax..

During a ceremonial bill signing in Columbia on Wednesday, April 15, 2026, S.C. House Ways and Means Chairman Bruce Bannister emphasized that the state's new income tax reform ensures citizens "pay no more than is absolutely necessary". The legislation, H. 4216, simplifies the state tax code by collapsing brackets into a two-rate system: a 1.99% rate for income up to $30,000 and a 5.21% top rate for income above that threshold. Bannister highlighted that the plan not only provides immediate relief—with roughly 42.8% of taxpayers seeing a reduction in liability—but also sets a legal framework to automatically phase the state income tax down toward zero as revenue triggers are met in future years.

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