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.


South Dakota

South Dakota does not offer a state research credit. Click here to find out if you qualify for the federal credit. Contact Us Contact your local Swanson Reed office to speak with a representative [...]


Contact Us

Contact your local Swanson Reed office to speak with a representative in your area today. 

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Ste. 816
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T: (843) 459-7912
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