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INCENTIVE DESCRIPTION
| State: | SC |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | R&D Credits |
| Description: | RESEARCH & DEVELOPMENT- Credit of up to 5% of qualifying research and development activities. Credit is limited to 50% of the taxpayer's tax liability remaining after all other credits have been applied. Unused credit may be carried forward for up to 10 years from the original date of the expenses. |
| Eligibility Requirements: | The taxpayer must have qualified expenditures for research and development defined under Section 41 Internal Revenue Code and must have claimed a federal income tax credit for these expenditures. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of South Carolina |
| 12-6-3415 |
| 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. |
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