South Carolina Personal Property Tax

South Carolina forms and schedules

Calculating forms:
Form PT-100 — Business Personal Property Return
Form PT-300 — Property Return
Form PT-300Z — Schedule Z Lease Schedule
Form PT-300A — Schedule A Manufacturing or Mining
Form PT-300B — Schedule B Non-Contiguous Manufacturing
Form PT-300C — Schedule C Research and Development
Form PT-300D — Schedule D Corporate Headquarters Distribution Facility
Form PT-300E — Schedule E Leased Utility
Form PT-300F — Schedule F Leased Transportation for Hire
Form PT-300G — Fee In Lieu of Tax Supplemental
Form PT-300S — Schedule S Manufacturing Fee in Lieu of Tax
Form PT-300T — Schedule T Non-Manufacturing Fee in Lieu of Tax
Form PT-300X — Schedule X Improvement Schedule
Non-calculating forms:
Form PT-401 — Application for exemption
Form PT-443 — Fee in lieu of Property Tax
Form PT-401-O — Property Tax Exemption Application for Organizations

Depreciation treatments required for all SC PPT assets

Associations required for all SC PPT assets

Situs:
Each asset needs to have
South Carolina
selected in the
Situs
field to transfer to the South Carolina Personal Property Tax return.
Location ID#:
Enter the account number for the location filing the property tax return. A property tax return is created for each unique account number and county entered. This information transfers to the
Property File Number
on Form PT-100, and to the
SID Number
field on Form PT-300. The maximum number of characters that transfer to Form PT-100 and Form PT-300 are 10 and 13, respectively.
County - SC:
Select the county in which the asset is located from the dropdown list.
note
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified.
Form type - SC:
Select the return type for the location filing the property tax return. If this field is blank, UltraTax CS defaults to PT-100 as the return type for this asset.
note
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified.
Plant / operation name:
Enter the
plant / operation name
where the asset is located. A
plant / operation schedule
is created for each unique account number, county, and
plant / operation name
entered. This information is applicable only for Form PT-300.
PPT type - SC:
Select the personal property type for the asset from the dropdown list. The property types and the forms they transfer to are listed in the following table.
Property type	Form
Buildings and improvement	Form PT-300
Furniture & office equipment	Forms PT-100 and PT-300
Land	Form PT-300
Leasehold improvements	Form PT-300
Licensed vehicles	Form PT-300
Machinery & equipment	Forms PT-100 and PT-300
Pollution control	Form PT-300
note
These associations are maintained by UltraTax CS and Fixed Assets CS and can't be modified. If the association fields are left blank or you enter
X - Exempt
, the asset won't transfer to Form PT-100 or PT-300.

Additional associations for SC PPT assets

Acres:
Enter this information when you use the
Land property type
to transfer the amount to the applicable schedule related to Form PT-300.
Lots:
Enter this information when you use the
Land property type
to transfer the amount to the applicable schedule related to Form PT-300.
Improvement type - SC:
Select the appropriate type of improvement from the dropdown list when you use the Buildings and improvement, Leasehold improvements, or Pollution control property type. Current-year additions will transfer to the appropriate field on Form PT-300, Schedule X.
note
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified.