Below is information about SOUTH CAROLINA CORPORATE HEADQUARTERS CREDIT from a variety of sources. Please take a look at the materials that our team has selected for you.
https://www.burr.com/blogs/tax-law-insights/2015/10/27/south-carolinas-corporate-headquarters-tax-credit/#:~:text=South%20Carolina%E2%80%99s%20Corporate%20Headquarters%20Tax%20Credit%20South%20Carolina,expanding%20or%20adding%20to%20an%20existing%20corporate%20headquarters.
https://www.burr.com/blogs/tax-law-insights/2015/10/27/south-carolinas-corporate-headquarters-tax-credit/
South Carolina’s Corporate Headquarters Tax Credit. South Carolina provides a tax credit to corporations against the state corporate income, or state corporate license fees, equal to 20% of the qualifying costs of establishing a corporate headquarters in South Carolina, or expanding or adding to an existing corporate headquarters. The credit is made up of two parts, …
https://dor.sc.gov/about/tax-credits
Their Corporate Tax liability for Year 1 is $5,000. They will have a credit carryforward of $45,000 ($50,000 - $5,000). Since the credit carryforward for the Corporate Headquarters Credit is 10 years, this amount can be carried forward for up to 10 years to be used against future tax liability.
https://1library.net/article/corporate-headquarters-credit-south-carolina-incentives-economic-development.qm8pmo8z
South Carolina Code §12-6-3410 allows a corporation a credit against corporate income tax imposed under South Carolina Code §12-6-530, corporate license fees imposed under South Carolina Code §§12-10-50 or 12-20-100, or bank taxes imposed under South Carolina Code §12-11-20, equal to 20% of the qualifying costs of establishing a corporate headquarters in South …
https://www.sccommerce.com/incentives/corporate-income-tax-incentives
In an effort to offset the costs associated with relocating or expanding a corporate headquarters facility, South Carolina provides a generous 20% tax credit based on the value of the actual portion of the facility dedicated to the headquarters operation or …
https://www.burr.com/blogs/tax-law-insights/2015/10/27/south-carolinas-corporate-headquarters-tax-credit/pdf/
South Carolina’s Corporate Headquarters Tax Credit Published October 27, 2015 South Carolina provides a tax credit to corporations against the state corporate income, or state corporate license fees, equal to 20% of the qualifying costs of establishing a corporate headquarters in South Carolina, or expanding or adding to an existing corporate headquarters. …
https://law.justia.com/codes/south-carolina/2013/title-12/chapter-6/section-12-6-3410/
Corporate income tax credit for corporate headquarters. Universal Citation: SC Code § 12-6-3410 (2013) (A) A corporation establishing a corporate headquarters in this State, or expanding or adding to an existing corporate headquarters, is allowed a credit against any tax due pursuant to Section 12-6-530, Section 12-11-20, or Section 12-20-50 as set forth in this section.
https://dor.sc.gov/forms-site/Forms/SC1120TC_2020-2021.pdf
008 CORPORATE HEADQUARTERS CREDIT: For corporations establishing a corporate headquarters in South Carolina or expanding or adding to an existing headquarters. (TC-8) 017 RECYCLING FACILITY CREDIT: For taxpayers constructing or operating a qualified recycling facility when investing in recycling property. (TC-17)
https://www.sccommerce.com/industries/headquarters-corporate-offices
Including call centers, financial operations and corporate headquarters, the Palmetto State’s office and shared services industry proves that South Carolina is home to a diversified and dynamic economy. From our professional workforce to our robust technology and transportation infrastructure networks, we have become an ideal destination for ...
https://dor.sc.gov/forms-site/Forms/SC1120TC_2019.pdf
008 CORPORATE HEADQUARTERS CREDIT: For corporations establishing a corporate headquarters in South Carolina or expanding or adding to an existing headquarters. (TC-8) 009CHILD CARE PROGRAM CREDIT: For employers that establish child care programs to benefit employees or donate to a non-profit corporation providing child care services to employees.
https://dor.sc.gov/tax/corporate
Corporate Taxes: C Corporation S Corporation Bank Electric Cooperative Eleemosynary Public Utility Savings & Loan. New for 2021: Conformity: South Carolina recognizes the Internal Revenue Code (IRC) as amended through December 31, 2020, except as otherwise provided.If IRC sections adopted by South Carolina that expired on December 31, 2019 are extended, but otherwise not …
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