Comparison of Economic Development Incentives for South Carolina and North Carolina

In This Presentation:

- Business Consideration – Electricity Rates

- South Carolina vs. North Carolina

- Corporate License Fees/ Franchise Taxes

- Income Tax Rates (C Corps)

- Income Tax Apportionment for Manufacturers

- Apportioned Income

- Corporate Income Tax Credits

- South Carolina Job Tax Credit

- South Carolina Small Business Job Tax Credit

- North Carolina Article 3J Credits

- North Carolina County Tier Designation

- North Carolina Urban Progress Zones (UPZ) and Agrarian Growth Zones (AGZ)

- North Carolina Ports Enhancement Zone (PEZ)

- South Carolina Investment Tax Credit

- South Carolina Research & Development Tax Credit

- North Carolina Technology Development Tax Credit

- South Carolina Port Tax Credit

- South Carolina Port Volume Increase Tax Credit

- South Carolina Port New Warehouse Tax Credit

- North Carolina Ports Tax Credit

- South Carolina vs. North Carolina

- Basic Property Tax Calculation

- South Carolina Property Taxes

- South Carolina Property Tax Exemptions

- South Carolina 5-Year Property Tax Abatement

- Property Tax Incentives South Carolina

- FILOT South Carolina

- Multi-County Industrial or Business Parks South Carolina

- Special Source Revenue Credits South Carolina

- North Carolina Property Taxes

- North Carolina Property Tax Exemptions

- North Carolina Property Tax Incentives

- Sales Taxes

- South Carolina Sales Taxes

- Sales Tax Exemptions for Manufacturers in SC

- North Carolina Sales Taxes

- Sales Tax Exemptions for Manufacturers in NC

- Sales Tax Exemptions for Construction Materials

- Sales Tax Exemptions: Datacenters in South Carolina

- Sales Tax Exemptions: Datacenters in North Carolina

- Sales Tax Caps

- Hard Dollars

- Cash Grants/Credits

- SC Deal Closing Fund

- South Carolina Job Development Credit

- BIP Program

- One North Carolina Fund

- Job Development Investment Grant (JDIG)

- Incentives — Industrial Development Fund

Excerpt from Business Consideration – Electricity Rates:

Rates per kwh for industrial users --

..South Carolina

–2012 -- 5.72 ¢/kWh

–2013 -- 5.85 ¢/kWh

–no sales tax

..North Carolina

–2012 -- 6.22 ¢/kWh

–2013 -- 6.11 ¢/kWh

–NC repealed sales tax on sales of electricity to manufacturers effective July 1, 2010.

Please see full presentation below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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