South Carolina 2018-01-29T20:44:47+00:00

State R&D Tax Credits

State R&D Tax Credits

South Carolina

Credit Name: Qualified Research and Development Tax Credit

Expiration Date: Unknown

Does it apply to C corps and pass-through entities?: Yes

Credit Carry forward: Carry Forward 10 years

Description: One calculation method – QREs are defined the same as the IRC §41. The credit is equal to 5% of the SC QREs for the given tax year.

Other Notes: The credit cannot offset more than 50% of the taxpayer’s tax liability.

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