Modern medical diagnostics just took a leap forward with a breakthrough in eye tracking technology. BlinkTBI recently secured U.S. Patent No. 12518388, titled ‘Systems and methods for [...]

Quick Summary: The South Carolina R&D tax credit (Section 12-6-3415) offers a non-refundable 5% credit against income tax or license fees, capped at 50% of the taxpayer’s remaining [...]

Quick Answer: South Carolina R&D Credit Refundability The South Carolina Research Expenses Tax Credit includes a specific refund provision for taxpayers with fewer than 150 full-time [...]

What is the South Carolina R&D Tax Credit Carryforward? Answer: The South Carolina R&D Tax Credit Carryforward is a statutory provision that allows taxpayers to utilize unused Research [...]

Quick Summary: Under S.C. Code Section 12-6-3415, the South Carolina R&D tax credit offers a 5% credit on qualified research expenses. If the credit exceeds 50% of a taxpayer’s [...]

What is “Remaining Tax Liability” in South Carolina R&D Tax Credits? Remaining Tax Liability After All Other Credits Applied refers to the net balance of South Carolina tax due [...]

What is the South Carolina R&D Tax Credit 50% Limitation? The South Carolina Research Expenses Credit is statutorily limited to 50% of a taxpayer’s remaining tax liability after all [...]

Quick Answer: South Carolina R&D Credit Limitations The South Carolina Research and Development Tax Credit is subject to a statutory ceiling known as the “Maximum Credit Taken.” [...]