state_legiscan_drain · SC
DEW UI Tax Code
December 10, 2025
Summary
This bill, enacted in South Carolina, amends unemployment insurance tax provisions by changing the benefit ratio lookback period, setting a solvency target, and removing caps on penalties for failure to file reports and pay contributions. It also exempts the first $10,000 of net depreciated value of business personal property from property tax for small businesses and provides a corporate license tax exemption for the first $50 million of capital stock under certain conditions.
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Source: https://www.scstatehouse.gov/billsearch.php?billnumbers=0688&session=126&summary=B
Common questions
- What does "DEW UI Tax Code" cover?
- This bill, enacted in South Carolina, amends unemployment insurance tax provisions by changing the benefit ratio lookback period, setting a solvency…
- When was it published?
- It was published on December 10, 2025.