DCEDP | Incentives

Grants

DISCRETIONARY

Can be used for infrastructure, land acquisition and other eligible expenses

Job Tax Credits

STATUTORY

Corporate income tax incentive

This incentive is "stackable" with other corporate income tax credits.

Job Development Credits

DISCRETIONARY

Log quarterly reimbursement of a discretionary percentage of employees withholding taxes for 10 years.

Maximum reimbursement of $3,250 per employee per year.

Recruitment Assistance

DISCRETIONARY

The S.C. Technical College System will recruit, screen, and train employees at no cost to the company

Fee In Lieu of Property Taxes

DISCRETIONARY

Locks the property tax rate for 30 years (40 years for projects having investments of more than $150 million in a single facility).

Reduces the property tax assessment from 10.5% to 6% on real and personal property (4% for projects having investments of more than $150 million in a single facility).

R & D Tax Credit

STATUTORY

Corporate income tax incentive

This incentive is "stackable" with other corporate income tax credits.

R & D stands for Research & Development.

Investment Tax Credit

STATUTORY

Corporate income tax incentive

This incentive is "stackable" with other corporate income tax credits.

Special Source Revenue Credits

DISCRETIONARY

Can reduce the amount of net property payable by a negotiated percentage.

Port Tax Credit

DISCRETIONARY

Corporate income tax incentive

Based on South Carolina port volume increase.

This incentive is "stackable" with other corporate income tax credits

Property Tax Exemptions

STATUTORY

Exempts inventories, raw materials, works in progress, finished goods, intangible personal property, and pollution control equipment and facilities from Property Tax's Tax Credit.

Property Tax Abatements

STATUTORY

Abates the county operation portion of the millage rate for 5 years.

Available for manufacturing investments of more than $50,000.

DARLINGTON COUNTY ECONOMIC DEVELOPMENT

QUICK LINKS

ADDITIONAL

DARLINGTON COUNTY ECONOMIC DEVELOPMENT

QUICK LINKS

ADDITIONAL