South Carolina DOR Publishes Information on Income, Property, Excise, Sales Tax Incentives for Economic Development

The South Carolina Department of Revenue (DOR) July 1 published information on various individual income, corporate income, trust income, sales and use, property, and excise tax incentives for economic development. The publication includes information about: 1) federal tax conformity; 2) credits related to certain jobs, employees, and businesses, as well as industry-specific, property rehabilitation, housing, land conservation, environmental, energy conservation, alternative energy, and investment credits; 3) business property tax and sales tax exemptions; 4) income tax credits, rates, and deductions; and 5) negotiated fees in lieu of property taxes. The DOR mentions that legislation passed, cases decided, or DOR advisory ...