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South Carolina Tax Credits

South Carolina R&D Credit

South Carolina offers a research credit totaling 5% of qualified research expenditures incurred in South Carolina. Although this is not as high a credit rate as other states offering a research credit, the 5% rate is based on total R&D spend and is not compared to or haircut by a base period amount. In that sense, the credit is on par with other states; several other states also offering similar flat percentage rate research credits based on total spend, rather than dealing with complex base period rules.