South Carolina Code of Regulations
Chapter 117 - DEPARTMENT OF REVENUE
Article 37 - PROPERTY TAX REGULATIONS
Section 117-1840.1 - Value of Merchants' Furniture, Fixtures and Equipment
Universal Citation: SC Code Regs 117-1840.1
Current through Register Vol. 48, No. 9, September 27, 2024
The fair market value of merchants' furniture, fixtures and equipment shall be the depreciated value as shown by the merchants' records for South Carolina income tax purposes, provided however, that in no event is the original cost of the property to be reduced by more than ninety percent of the original capitalized costs.
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