South Carolina

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.

Click here to find out if you qualify for the federal research credit.


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