CITY OF COLUMBIA
The State of South Carolina provides a number of incentives for businesses to take advantage of, which include but aren't limited to:
•No state property tax
•No local income tax
•No inventory tax
•No sales tax on manufacturing machinery, industrial power, or materials for finished products
•No wholesale tax
•No unitary tax on worldwide profits
•A 5% corporate income tax rate
•Fee in Lieu of Taxes (FILOT)
•SC Corporate Income Tax Credit
•SC Jobs Tax Credit
•SC Corporate Headquarters Credit
•SC Property Tax Exemption
•Tax credits on new production equipment
•Tax credits on research and development facilities
2013 South Carolina Tax Incentives for Economic Development Manual
To see if any incentives are available for your business, contact the Office of Economic Development at (803) 734-2700 or development@columbiasc.net.
