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


10.7.14

Economic Development Planning Retreat
The Press and Standard

9.9.14

Spec Building 2 is ready
The Press and Standard

7.10.14

Italian roller bearing firm to create 50 jobs in Walterboro
The Post and Courier

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