Finance

South Carolina Increases Sales Tax on Vehicles

The sales tax increase was included as part of legislation designed to help South Carolina generate additional funds to pay for necessary roadwork improvements. The primary part of the legislation was related to state gas tax, which was raised by 2 cents per gallon. Previously, the state had the nation's third-lowest gas tax at 18.74 cents per gallon, but as of July 1, customers now pay a total of 20.75 cents per gallon in tax.