South Carolina
What is the trade-in credit allowed for South Carolina?
For South Carolina, trade-in credit allowed is full credit; statute or regulation citation is Code Section 12-36-90, recorded from its source on 2026-08-20.
Generally, the term “gross proceeds of sales” is defined in Code Section 12-36-90 as the value proceeding or accruing from the sale of tangible personal property, without any deductions for the cost of goods sold; the cost of materials, labor, or service; interest paid; losses; transportation costs; manufacturers or importers excise taxes imposed by the United States; or any other expenses. It does not, however, include the value of any trade-in.
— dor.sc.gov, retrieved 2026-08-20
- State
- South Carolina our reading
- Trade-in credit allowed
- full credit our reading
- Statute or regulation citation
- Code Section 12-36-90 verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Source
- dor.sc.govhttps://dor.sc.gov/sites/dor/files/Documents/Policy%20Manuals/sales-and-use-tax-auto-and-truck-dealers-guide.pdf