Job Tax Credit (South Carolina)
Last modified on February 12, 2015.
|Applies to States or Provinces||South Carolina|
|Name||Job Tax 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|
The Job Tax Credit (JTC) is a statutory incentive offered to companies, both existing and new, that create new jobs in the state. The credit is available to companies that establish or expand corporate headquarters, manufacturing, distribution, processing, qualified service-related, research and development facilities. This credit is extremely beneficial for companies, because it is a credit against corporate income taxes, which can eliminate 50% of a company's liability.
|Department||South Carolina Department of Commerce|
|Address||1201 Main Street, Suite 1600|
|Place||Columbia, South Carolina|
|Phone 2||(800) 868-7232|