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South Carolina New Jobs Credit

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Question
South Carolina New Jobs Credit

Answer

Qualifying taxpayers include those that operate:

Manufacturing, tourism, processing, warehousing, distribution, research and development facilities; corporate offices, qualifying service-related facilities, agribusiness operations, extraordinary retail establishments, qualifying technology intensive facilities, and banks; and retail facilities and service-related industries located in counties designated as Tier IV.

Who may claim

Credits can be claimed for five (5) years beginning in Year 2 after the creation of each new full-time job. Credits are not allowed for a tax year in which the new full-time job increase falls below the minimum level of required new full-time jobs.  In most cases the required number of new full-time jobs is 10.

https://dor.sc.gov/forms-site/Forms/TC4_07232014.pdf

 

 


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Views: 1158 Created on: Jun 15, 2013
Date updated: Jan 03, 2019

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