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Incentives & Taxes

South Carolina’s performance-based tax incentives reward companies for job creation and investment.

Aggressive incentives position industries for growth and create an exceptional economic climate that maximizes return on investment. 

South Carolina offers the following statutory tax incentives:

  • No state property tax
  • No inventory tax
  • No sales tax on manufacturing machinery, industrial power or materials for finished products
  • No unitary tax on worldwide profits
  • Favorable corporate income tax structure
  • No local income tax

The state’s pro-business policies are demonstrated by the following:

corporate icon

Several ways to potentially eliminate your entire corporate income taxes.
More about corporate taxes

start up

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

property

Property tax incentives that can be tailored to meet your company’s needs.
More about property taxes

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Special state discretionary incentives may be used to meet specific needs. 
More on state discretionary incentives

Industry Incentive Guide

Business Incentives

Successful businesses require growth and value. South Carolina offers an array of grants and incentives to help businesses make smart business investments.

Download Business Incentives

 

Maintain a highly skilled workforce and develop your recruitment pipeline all while earning tax credits.

Workforce Development Programs