Tax Information

The Charleston region has a collective priority to help your business's success grow. The pro-business attitude not only in the Charleston region but the entire state, will help your business succeed every step of the way. Our competitive list of tax credits, investment incentives and capital resources backs the pro-business support in our state.

Corporate Income Tax

South Carolina's 5.0% corporate income tax rate ranks among the lowest in the nation.

• Tax credits for new jobs
• Tax credits for corporate headquarters facilities
• Tax credits for investments in infrastructure

Personal Income Tax

South Carolina has a tiered, indexed personal income tax which ranges from 2.5% to 6.0% on income from $2,280 to $11,400 and 7.0% on all income thereafter.

Property Tax

• South Carolina has no state property taxes and no intangibles tax
• Real and personal property taxes are levied by local taxing authorities
• The assessment rate for businesses, including manufacturing, distribution, corporate headquarters and corporate office facilities is set by the SC Department of Revenue.

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