Cost of Operation
The cost of operating a business in South Carolina is reasonable compared to its Southeastern counterparts. With a pro-business climate and performance-based incentives, companies can keep their operating costs low.
The State's incentives are an investment in its economic future and South Carolina is willing to invest in companies who are willing to reinvest in the state.
South Carolina is proud to offer:
- No state property tax
- No local income tax
- No inventory tax
- No sales tax on manufacturing machinery, industrial power or materials for finished products
- No wholesale tax
- No unitary tax on worldwide profits
- Favorable corporate income tax structure