| Benefit as a % of spend | 25.00 |
| Financial cap per production | - |
| Do I have to register/set up a company? | Yes |
| Does foreign cast/crew paid in their home country/region qualify as expenditure? | No |
| Do foreign cast/crew have to pay tax in the host country/state/region? | Yes |
| Does travel to/from country/region qualify as expenditure? | No |
| Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive? | Yes |
| Criteria to access the benefit | - - Minimum spend 1000000 (in local currency)
- - Use Local cast & Crew
|
| When will the benefit/incentive be received? | - - On submission of audited accounts
- - State approx. number of months after completion of audited accounts
|
| Additional incentives or advantages | - - Free use of buidings/facilities/services within jurisdiction
- - 25% on all in-state Wages;
20% on all out-of-state Wages;
30%+ on Supplies
Sales Tax Exemption on spend over US$250,000.
Location fee free on all state-owned property.
There is a $1 million hire cap for both resident and non-resident cast and crew wages. Wages paid to loan-out and personal service corporations also qualify for the rebate if South Carolina withholding tax (2% for loan-outs) is paid.
Any production over $250,000 may apply to qualify for an exemption of the 5-13.5% sales/use tax, and accommodations tax. Applications require a $500 processing fee.
|