South Carolina R&D Tax Credit Summary
SC R&D Tax Credit Available
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)
SC R&D Credit Summary
The R&D tax credit equals:
- 5% of qualified South Carolina research expenditures.
- 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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