Each year, South Carolina's 46 counties are designated as being within one of four "tiers" for job tax credit and job development credit purposes based on a county's unemployment rate and per capita income. On December 7, 2023, the SC Department of Revenue published the 2024 designations.
Below is a complete list of counties and their respective tiers for 2024. The following changes occurred from 2023 to 2024:
Abbeville (moved from Tier III to Tier IV for 2024)
Berkeley (moved from Tier I to Tier II for 2024)
Calhoun (moved from Tier II to Tier III for 2024)
Chester (moved from Tier IV to Tier III for 2024)
Chesterfield (moved from Tier III to Tier IV for 2024)
Dorchester (moved from Tier II to Tier I for 2024)
Hampton (moved from Tier II to Tier III for 2024)
Jasper (moved from Tier III to Tier II for 2024)
Kershaw (moved from Tier I to Tier II for 2024)
Lancaster (moved from Tier II to Tier I for 2024)
Richland (moved from Tier I to Tier II for 2024)
2023 projects in counties moving up a tier (Chester, Dorchester, Jasper, and Lancaster) should file Form SC616 to lock in South Carolina job tax credits at the higher level associated with the lower tier. This filing is a good option for any project in a Tier II, III, or IV county at the time of initial staffing as it can only help the taxpayer by protecting the taxpayer from a reduction in credits if the applicable county tier improves in a subsequent year.
The income tax moratorium counties for 2024 are Chesterfield, Dillon, and Marlboro, and Marlboro County further qualifies for the reduced $1 million investment threshold for FILOT agreements.
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