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SC – County rankings released for job credit, tax moratorium purposes

SC – County rankings released for job credit, tax moratorium purposes

The South Carolina Department of Revenue has issued an information letter to provide the county rankings for purposes of the job tax credit, counties qualifying for the tax moratorium, and counties qualifying for the reduced fee in lieu of property tax. The job tax credit, the tax moratorium, and the reduction in the minimum required fee in lieu of property tax investment are dependent, in part, on per capita income and unemployment rate data received from the South Carolina Employment Security Commission and Budget and Control Board. For 2019, Dillon, Jasper, and Marlboro counties have been designated moratorium counties. For 2019, just as for 2018, no county qualifies for the $1 million minimum investment under the Little Fee, Simplified Fee, and Big Fee. Information Letter 19-2, South Carolina Department of Revenue, January 2, 2019

 

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