Job Development Credit (South Carolina)
Last modified on February 12, 2015.
|Applies to States or Provinces||South Carolina|
|Name||Job Development Credit (South Carolina)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||South Carolina Department of Commerce|
A Job Development Credit (JDC) is a performance-based incentive that rebates a portion of new employees' withholding taxes that can be used to address the specific needs of individual companies. JDCs are approved on a case-by-case basis by the S.C. Coordinating Council for Economic Development. To qualify, a company must meet certain business requirements and the amount a company receives depends on the company's pay structure and location.
|Department||South Carolina Department of Commerce|
|Address||1201 Main Street, Suite 1600|
|Place||Columbia, South Carolina|
|Phone 2||(800) 868-7232|