South Carolina Issues Final Tax Rulings On Treatment of Same-Sex Marriages

As reported by BNA Daily Report for Executives [subscription required], on Dec. 31 the South Carolina Department of Revenue issued final versions of two revenue rulings dealing with tax treatment of same-sex marriages. Revenue Ruling #14-8  makes it clear that "same-sex marriages that are recognized for federal income tax purposes will now be recognized for South Carolina income tax purposes."  Revenue Ruling #14-9  provides that "same-sex couples who are legally married under any state law will now be treated as married for all South Carolina tax purposes...." and sets out examples relating to property taxes and deed recording fees.