Aggressive Incentives Position Industries for Growth

Here in South Carolina, we're more than hospitable—we place a high value on business. Our reputation as a superior business location is largely due to an exceptional economic climate that helps companies hold down operating costs and increase their return on investment. In addition, South Carolina’s performance-based tax incentives reward companies for job creation and investment. The state’s pro-business policies are demonstrated by the following:

Corporate Income Taxes

Several ways to potentially eliminate your entire corporate income taxes

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Sales and Use Taxes

A range of sales tax exemptions that reduce start up costs and operating costs

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Local Property Taxes

Property tax incentives that can be tailored to meet your company’s needs

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State Discretionary Incentives

Special state discretionary incentives may be used to meet specific needs

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Workforce Training

We have the education and training necessary to fill the most in-demand jobs

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South Carolina offers the following statutory incentives:

  • 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