South Carolina
New Jobs Tax Credit
As the experts in southern job tax credits, we're here to help your South Carolina business thrive. Here's what you need to know:
Certain industries can qualify for job tax credits by creating and maintaining 10* or more full-time jobs in a tax year.
Enjoy up to 50% offset of corporate income tax liabilities, carried forward for 15 years.
Earn $1,500 - $25,000 per job, per year for 5 years, depending on your county's designation.
Combine two part-time positions (20 hours/week each) to count as one full-time position.
Claim credits in years 2-6, with a 3-year statute of limitations and potential look-back period of up to 10 years.
Minimum of 20 new jobs required for certain Tourism Industries.
Service-Related industries need to create 25-175 jobs, based on salaries and requirements.