The South Carolina New Jobs Credit is a valuable incentive that rewards businesses for the creation and maintenance of jobs in South Carolina. Credits are limited to 50% of corporate or individual income tax, bank tax, or insurance premium tax. The credit may be earned by C-corporations, S-corporations, partnerships, sole proprietors, and limited liability companies.
Elliott Davis has prepared a downloadable resource detailing more information on the SC Job Tax Credits.
For more information on this or other state and local tax matters, contact our SALT team.