Tax Credit for Port Volume Increase
Further evidence of South Carolina's pro-business climate is the "International Trade Incentive Program," which provides state income tax credits to companies that increase cargo shipments through the state's port facilities.
The ITIP program is geared toward drawing distribution centers and other international shippers, while also rewarding existing companies for expanding their shipments through the state's ports.
Click here to download the International Trade Incentive Program Tax Credit application.
Click here for frequently asked questions regarding the ITIP.
See http://www.scstatehouse.net/sess116_2005-2006/bills/4874.htm for the full text of the incentive.
