South Carolina R&D Tax Credit Summary
SC R&D Tax Credit Available

Yes


Eligible Entities

C-Corporation, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing

Due with South Carolina Tax Return


Data Required to Compute Credit

Claim Period South Carolina Qualified R&D Expenses (QREs)


Credit Carryforward

10 Years


SC R&D Credit Summary

The R&D tax credit equals:

  • 5% of qualified South Carolina research expenditures.

Special Notes
  • The credit cannot exceed 50% of a taxpayer’s liability.
  • For a taxpayer to qualify for the credit, the taxpayer must claim a federal income tax credit pursuant to Internal Revenue Code §41 for increasing research activities for the taxable year.

SC Research Tax Credit

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