South Carolina Retail Facility Tax Credit

South Carolina Retail Facility Tax Credit Summary

  • Applicable against income, bank franchise, or savings and loan taxes.
  • Offsets 100% of taxpayer’s liability.
  • The income tax credit is claimed in equal installments over an 8-year period beginning with the year the property is placed in service.
  • Unused credit may be carried forward for 5 years.
  • Credit is transferable with restrictions.