Business Incentives

South Carolina has one of the lowest state and per capita tax rates in the nation and offers other attractive incentives such as no manufacturer inventory tax and no state real or personal property taxes. A five-year abatement of county property taxes (excluding schools and special use taxes) is available to any business with capital expenditures for new facilities in excess of $50,000. Additional exemptions and abatements are also available.

With larger investments, a special "fee in lieu of taxes" can be negotiated, offering a predictable future tax rate.

  • No Inventory Tax
  • No Local Income Tax
  • No State Property Tax
  • No Unitary Tax on Worldwide Profits
  • No Wholesale Tax
  • No Sales Tax on manufacturing machinery, industrial power or materials for finish
“The South Carolina Department of Commerce, working with the S. C. Legislature, the Governor’s Office, the Counties and the Municipalities of our state, have a bold and forward-thinking package of incentives to help bring you to the Palmetto State. These incentives not only make our rural areas competitive for large projects, but they also allow us the flexibility we need to help tailor a total package to meet your needs.”

-Ted Felder

  1. Corporate Income Tax Credit Incentives

    View a listing of South Carolina corporate income tax credit incentives, such as the Corporate Headquarters Tax Credit or the Economic Impact Zone Investment Tax Credit.

  2. State Programs

    Learn more about South Carolina business incentive programs, such as the Enterprise and Job Development Program.