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Volume XI, Number 265


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September 20, 2021

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South Carolina Department of Revenue Announces Changes to County Tiers for 2020

The South Carolina Department of Revenue has released the 2020 county tier rankings for all South Carolina counties.  The rankings are reassessed each year and are determined in part by per capita income and unemployment rate data received from the South Carolina Department of Employment and Workforce and the United States Department of Commerce.

A county’s tier ranking affects certain economic development incentives that a project located in that county can receive, such as the amount of job tax credits (JTCs) for new, full-time jobs created by the project.  The “basic” JTC amounts – before giving effect to any enhancements from multi-county park status – are as follows:

•    Tier I: $1,500.00 per year, per job.
•    Tier II: $2,750.00 per year, per job.
•    Tier III: $20,250.00 per year, per job.
•    Tier IV: $25,000.00 per year, per job.

The amount of available JTCs for qualifying jobs created in lower-income Tier III and Tier IV counties saw a dramatic increase over last year as a result of the passage of the “Panthers Bill” (H.B. 4243) earlier this year.  The law increased JTCs for new, full-time jobs from $4,000 to $20,250 per job in Tier III counties and from $8,000 to $25,000 per job in Tier IV counties.  For a taxpayer creating new jobs in a Tier III or Tier IV county in a tax year which begins on or after January 1, 2019, this updated new credit amount applies.  On December 11, the South Carolina Department of Revenue issued Revenue Ruling No. RR 19-11, which provides additional clarification on the impact of the new JTC amounts for Tier III and Tier IV counties.

Notably, the following counties underwent a change in tier from 2019 to 2020:
•    Laurens: Changed from Tier II to Tier III
•    Edgefield: Changed from Tier III to Tier II

The updated tier rankings apply for new, full-time jobs created in tax years that begin in 2020, where the JTC was first earned on or after January 1, 2020.  JTCs are claimed by filing South Carolina Form TC-4 with the company’s annual tax return.

The complete list of county tier rankings is set forth below.


For additional detail, please see the South Carolina Department of Revenue’s SC Information Letter #19-29, which can be found here



Copyright © 2021 Womble Bond Dickinson (US) LLP All Rights Reserved.National Law Review, Volume IX, Number 353

About this Author

Stephanie Few  Womble Dickinson Law Firm  Charleston SC Tax Law for Corporate Re locations

Investigate South Carolina’s largest economic development deals of the past 20 years, and chances are Stephanie Few played a role in making them happen. One of the biggest assets she brings to clients is her familiarity with local and state decision-makers throughout the Southeast, and particularly in South Carolina, where Stephanie had previously served as the City of Charleston’s Director of Economic Development. When the New York Times profiled Charleston’s economic development boom in 2017, Stephanie was one of the local leaders the Times turned to for insight.

Kevin D. Trempe ASSOCIATE Charleston, SC Finance: Banking, Restructuring, Insolvency

Kevin is an experienced transactions attorney who has advised clients in corporate, capital markets and economic development matters.

Kevin’s diverse transactional work has involved mergers and acquisitions, corporate organization and governance, securities law compliance and duties of directors and officers. He has also advised lenders and borrowers of various sizes in syndicated and real estate lending deals.

In addition to his corporate and capital markets experience, Kevin is actively involved in the firm’s economic development practice. In this role, he works with...