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South Carolina and the Research and Development (R&D) Tax Credit
State Credit Name: Qualified Research and Development Tax Credit
Expiration Date: Indefinite
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused credit can be carried forward 10 years.
About the Credit: The credit rate is 5% of the QRE’s that occurred in South Carolina. The credit cannot exceed 50% of a taxpayer’s liability.
Notes: The South Carolina research credit is based off of IRC Section 41 regarding qualified expenditures.
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Why choose us?
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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 4000 South Faber Place Drive, Charleston, South Carolina provides R&D tax credit consulting and advisory services to Columbia, Charleston, North Charleston, Mount Pleasant, Rock Hill, Greenville, Summerville, Sumter, Hilton Head Island and Spartanburg.
If you have any questions or need further assistance, please call or email our local South Carolina Partner on (843) 459-7912.
Feel free to book a quick teleconference with one of our South Carolina R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.
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South Carolina Office
Swanson Reed | Specialist R&D Tax Advisors
