A Look at South Carolina Job Tax Credits – A downloadable resource

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. Unused credits can be carried forward for fifteen years.

Elliott Davis has prepared a downloadable resource on these tax credits.

For more information on this and other state and local tax matters, contact Will Clarke or Nick Cousino.