Lowcountry Economic Network

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South Carolina has one of the lowest state and per capita tax rates in the nation, and one of the lowest combined tax obligations in the Southeast.

• 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
• FAVORABLE corporate income tax structure

South Carolina’s business ranking constantly receives high grades in respected media outlets and studies such as the Pollina Corporate Top Pro-Business States study; the Miliken Institute Cost-of-Doing-Business Index; the Manufacturing Alliance of Connecticut, Actuarial & Technical Solutions, and the American Legislative Council.