INCENTIVE DESCRIPTION

State:	SC
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Other Tax Credits
Description:	1) CREDIT FOR INFRASTRUCTURE CONSTRUCTION- A credit against corporate income tax equal to 50% of the contributions or expenses paid or accrued by the taxpayer for the construction or improvement of water lines, sewer lines, and road projects. Limited to $10,000 per project per year. Up to $30,000 of unused credit per project may be carried forward for 3 years. $40,000 is the maximum credit that can be claimed for each project. Projects must be dedicated for public use. 2) CREDIT AGAINST LICENSE FEE FOR INFRASTRUCTURE- This credit applies against a utility's license fee liability for 100% of the amount paid in cash for infrastructure for an eligible project of another taxpayer. Maximum credit in any year is $300,000. The license fees of the taxpayer can not be reduced to zero by the credit. Unused credit can be carried forward to the next succeeding year. 3) RECYCLING FACILITY TAX CREDIT - The credit is 30% of investment in recycling property. The credit can be applied against corporate income tax, sales and use tax, and corporate liscense fees. Any used credit can be carried forward indefinitely.
Eligibility Requirements:	1) The construction of infrastructure improvements must be dedicated to public use or a qualifying private entity. 2) Only applies to utility companies that incur infrastructure costs for an eligible project of another taxpayer. 3) Must manufacture products containing 50% or more of consumer wastes, invest at least $300 million in real and personal property recycling recycling equipment. Must be certified by the state.
Geographic Restrictions:	Statewide
Granting Authority:	State of South Carolina
	12-6-3460

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.