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
- Favorable corporate income tax structure
- No local income tax
The state’s pro-business policies are demonstrated by the following:
Several ways to potentially eliminate your entire corporate income taxes.
More about corporate taxes
A range of sales tax exemptions that reduce start up costs and operating costs.
More about sales tax
Property tax incentives that can be tailored to meet your company’s needs.
More about property taxes
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
