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Tax CreditSouth CarolinaActiveVerified

South Carolina Fee-in-Lieu of Tax (FILOT) Program

SC Department of Commerce (SC Commerce)SC-FILOT
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

South Carolina

About This Program

South Carolina's largest economic development incentive — allows major investment projects to negotiate a fixed, reduced property tax rate (typically 6% instead of 10.5%) in exchange for capital investment and job creation.

Key Requirements & Eligibility

  • 1Minimum investment: $2.5 million in manufacturing or $1 million in other sectors
  • 2Jobs created: 25+ for manufacturing; varies for other sectors
  • 3FILOT term: 20–30 years
  • 4County council approval and negotiated agreement required
  • 5Clawback provisions for failure to meet investment/job benchmarks

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingLogisticsTechnologyReal Estate
Official Source