COLLETON COUNTY TAX AND INCENTIVES

South Carolina has a reputation as a superior business location that helps companies hold down operating costs and increase their return on investments.

The Colleton County Economic Alliance can facilitate the process of taking advantage of eligible performance-based incentives and can negotiate with you eligible incentives related to local property taxes.

Tax and Business Incentives Summary

  • Corporate income tax rate of 5%, one of the lowest in the southeast

  • Corporate Income Tax Credits:

    • Colleton County Jobs Tax Credits: $4,250 per job

    • Corporate Headquarters Tax Credit

    • Child Care Program Tax Credit

    • Research and Development Tax Credit

  • Sales and Use Tax: 7% (plus any local option tax)

  • Sales Tax Exemptions (state and local) used in manufacturing process:

    • Raw Materials

    • Electrcity, Water

    • Manufacturing Equipment

  • Sales Tax Caps: $300 maximum

    • Autos/Trucks

    • Boats

    • Aircraft

  • Property Taxes: Only local government levies property tax

    • Property tax exemptions: All inventories, intangible property and pollution control

    • 5-year Property Abatement - County operating

  • Discretionary Incentives

    • Fee-in-Lieu of Taxes

    • Job Development Credit

 NEWS

Press Release & Announcements

Click the headline to download a PDF of the release


11.27.14

Collleton honored nationally for Work Ready success
The Press and Standard

11.26.14

Palmetto Training scholarship
The Press and Standard

11.26.14

MeadWestvaco park shovel-ready
The Press and Standard

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