South Carolina Announces 2019 Third Quarter Interest Rates

Gerry Nelligan
June 26, 2019

South Carolina regularly reviews and adjusts the interest rates for over- and underpayments of taxes.  Per SC Information Letter #19-15, for the period from July to October of 2019, the interest rate for underpayments will be five percent, down from six percent in the prior quarter.

In addition, the letter notes that for the 2019-2020 fiscal year, running from July 2019 to July 2020, the interest rates for refunds will be reduced by three percent from rate for underpayments.

To review SC Information Letter #19-15, please follow this link.

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Gerry Nelligan

Gerry Nelligan is a Regulatory Analysis Supervisor at Sovos, leading a team of counsels covering information reporting, including 10-Series IRS reporting, Affordable Care Act (ACA) reporting and Automatic Exchange of Information (AEOI). Gerry received his J.D. from Suffolk University Law School and his B.A. from Providence College. He is a licensed attorney in the state of Massachusetts.
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