INCENTIVE DESCRIPTION

State:	SC
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Brownfield Credits
Description:	BROWNFIELDS VOLUNTARY CLEANUP CREDIT- A credit equal to 50% of cleanup expenses and an additional credit of 10% of total clean-up costs is allowed against corporate income taxes. The credit amount can not exceed $50,000 for each category of cost in any year. Unused credit, up to $100,000 for cleanup expenses, may be carried forward for 5 years.
Eligibility Requirements:	Must enter into a nonresponsible party voluntary contract with DHEC. A tax credit certificate application must be filed annually with DHEC.
Geographic Restrictions:	Statewide
Granting Authority:	State of South Carolina
	12-6-3550

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.