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INCENTIVE DESCRIPTION
| State: | SC |
| Incentive Type: | Special Purpose Zone Incentives and Credits |
| Incentive Title: | Enterprise Zone Credits |
| Description: | 1) INVESTMENT TAX CREDIT - This credit allows manufacturers located in economic impact zones a one-time credit against corporate income tax of up to 5% of the investment in production equipment. The final value of the credit depends on the applicable recovery period under applicable IRS Code sections. Unused credits may be carried forward for 10 years. |
| Eligibility Requirements: | Must be a manufacturer located in an economic impact zone. Only applies to production equipment. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of South Carolina |
| 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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