South Carolina Personal Property Tax

Alerts and notices

The UltraTax/South Carolina Personal Property Tax application supports 1040, 1041, 1065, 1120, and 1120S entities. It prepares the personal property tax returns from depreciation data entered in the Asset Detail dialog.


South Carolina forms and schedules

  • 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
  • *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

* Non-calculating form

Depreciation treatments required for all SC PPT assets

The SC treatment must be entered for South Carolina Personal Property Tax returns.

Note: If you previously entered depreciation data for only the Tax treatment, you can copy asset data from the Tax treatment the SC treatment.

Associations required for all SC PPT assets

  • Situs: Each asset must 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 field 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 drop-down list.

    Note: The list for this association is maintained by UltraTax CS and Fixed Assets CS and cannot be modified.

  • Form type - SC: Select the appropriate 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 cannot 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 appropriate personal property type for the asset from the drop-down 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: The associations listed above are maintained by UltraTax CS and Fixed Assets CS and cannot be modified. If the association fields are left blank or X - Exempt is selected, the asset will not transfer to Form PT-100 or PT-300.

Additional associations for SC PPT assets

The following asset associations transfer to Form PT-300.

  • 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 drop-down 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 cannot be modified.

See also

Entering de minimis assets

UltraTax CS personal property tax returns

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