| South Carolina |
Biofuels Distribution Infrastructure Tax Credit |
State Incentives |
X
Type: State Incentives |
Jurisdiction: South Carolina
A taxpayer that purchases, constructs, or installs, and places into service a qualified commercial facility for distributing or dispensing biofuels is eligible for an income tax credit of up to 25% of the purchase, construction, and installation costs. Eligible infrastructure includes pumps, storage tanks, and related equipment used exclusively for distributing, dispensing, and storing biofuels. A qualified facility must clearly label the equipment used to store or dispense the fuel as being associated with biofuel. The credit must be taken in three equal annual installments beginning with the taxable year in which the facility is placed into service. Qualifying fuels include blends containing at least 70% ethanol (E70) dispensed at the retail level for use in motor vehicles, and pure ethanol or biodiesel fuel dispensed by a distributor or facility that blends these non-petroleum liquids with gasoline or diesel fuel for use in motor vehicles. (Reference South Carolina Code of Laws 12-6-3610)
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| South Carolina |
Biofuels Production Facility Tax Credit |
State Incentives |
X
Type: State Incentives |
Jurisdiction: South Carolina
A taxpayer that constructs and places into service a commercial facility for producing biofuel is eligible for a tax credit of up to 25% of the cost of constructing or renovating a building and equipping the facility. Production of biofuel includes intermediate steps such as milling, crushing, and handling feedstock and the distillation and manufacturing of the final product. The entire credit must be taken in seven equal annual installments beginning with the taxable year in which the facility is placed into service. Qualifying fuels include liquid non-petroleum based fuel that can be placed in motor vehicle fuel tanks and be used to operate on-road vehicles, including all forms of fuel commonly or commercially known or sold as biodiesel and ethanol. (Reference South Carolina Code of Laws 12-6-3610)
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| South Carolina |
Hydrogen and Fuel Cell Tax Exemption |
State Incentives |
X
Type: State Incentives |
Jurisdiction: South Carolina
The following are exempt from state sales tax: 1) any device, equipment, or machinery operated by hydrogen or fuel cells; 2) any device, equipment, or machinery used to generate, produce, or distribute hydrogen and designated specifically for hydrogen or fuel cell applications; and 3) any device, equipment, or machinery used predominantly for manufacturing, or research and development involving hydrogen or fuel cell technologies. (Reference South Carolina Code of Laws 12-36-2120(71))
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| South Carolina |
Battery Manufacturing Tax Incentive |
State Incentives |
X
Type: State Incentives |
Jurisdiction: South Carolina
For taxation purposes, the taxable fair market value of manufacturing machinery and equipment purchased for use at a renewable energy manufacturing facility may be reduced by 20% of the original cost. Qualified renewable energy manufacturing facilities include those manufacturing batteries for hybrid electric, fuel cell, or other motor vehicles certified by the South Carolina Energy Office. Qualified facilities must invest at least $100 million in the project and create at least 200 new full-time jobs with an average compensation level of 150% of the annual per capita income in South Carolina or the county where the facility is located, whichever is less. Additional restrictions apply. (Reference South Carolina Code of Laws 12-10-30, 12-15-20, 12-15-30, 12-37-930)
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| South Carolina |
Alternative Fueling Infrastructure Tax Credit |
State Incentives |
X
Type: State Incentives |
Jurisdiction: South Carolina
An income tax credit is available for 25% of the cost to purchase, construct, and install qualified alternative fueling infrastructure. Qualified infrastructure includes equipment used to distribute, dispense, or store alternative fuel. Eligible fuels include natural gas and propane. The entire credit must be taken in three equal annual installments beginning with the taxable year in which the facility is placed into service. Unused credits may be carried forward for up to ten succeeding taxable years. A taxpayer may transfer the tax credit to eligible agencies after notifying the South Carolina Department of Revenue. This tax credit expires January 1, 2026. (Reference South Carolina Code of Laws 12-28-110, 12-37-2820, and 12-6-3695)
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