Close

South Carolina Top Credits & Incentives

South Carolina Top Credits & Incentives

Businesses benefit by creating jobs, expanding operations, and investing in South Carolina because of the state’s array of tax incentives. South Carolina tax credits can be used to offset income tax or premiums tax, up to 50% of liability. Companies who increase shipping through South Carolina ports can utilize their credit against withholding tax payments.

 

New Jobs Tax Credit

$1,500- $8,000 per new job based on the county tier of the new facility.  Tier 1, 2 & 3 are limited by industry.  Special rules apply if a business adds 25- 175 new jobs that pay above a minimum wage.

 

Investing in Property Tax Credit

South Carolina Code 12-14-60 allows a taxpayer a credit against income taxes for qualified manufacturing and productive equipment properties in service during the taxable year in South Carolina.

 

Port Volume Increase Tax Credit

South Carolina provides an income tax credit or withholding tax credit to eligible business who have 75 or more net tons of non-containerized cargo, 385 cubic meters, or 10 loaded TEUs transported through a South Carolina port facility for their base year, and then must increase their port cargo volume by 50% over the base-year totals.

 

Also, See

 

Employee Retention Tax Credit (ERTC) Service

How do you claim the ERC?

Federal Employee Retention Credit (ERC) – Gross Receipts

Database of COVID National, State and Local Shutdown Orders

 

Other State Credits and Incentives

Georgia Top Credits & Incentives

Georgia Retraining Tax Credit

Georgia Job Tax Credit

Georgia Quality Jobs Tax Credit

Georgia Investment Tax Credit

Georgia Port Bonus Tax Credit

Tennessee Top Credits & Incentives

Standard, Enhanced, Super Job Tax Credits

Industrial Machinery Tax Credit

Mississippi Top Credits & Incentives

 

 

Track Your Refund

 
Track Federal Refund Check Federal Amended Return Refund

Check your State Refund

Client Login

 

Refer a Friend

.