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SC
Small Business Job Credit
Provides South Carolina nonrefundable tax credits to qualifying small businesses that increase employment.
About this program
The South Carolina Small Business Job Credit is available to qualifying small business taxpayers that increase employment in South Carolina by at least two full-time jobs in a year. The credit is listed by South Carolina Business One Stop and the Department of Revenue as a small business tax credit and can be claimed against eligible state tax liabilities.
Eligibility
Eligible applicants are qualifying South Carolina small business taxpayers with 99 or fewer employees worldwide that increase South Carolina employment by at least two full-time jobs in a year.
Requirements
- Business must be a qualifying small business taxpayer.
- Business must have 99 or fewer employees worldwide.
- Business must increase South Carolina employment by at least two full-time jobs in a year.