Tax Credits Available to Agribusinesses for Purchasing SC-Grown Products

State agribusinesses have until September 30 to apply for tax credits intended to reward companies for buying S.C.-grown products.

Income tax credits or withholding tax credits are available to qualified agribusinesses or agricultural packaging operations which purchase more than $100,000 of products certified by the S.C. Department of Agriculture as grown in the state in a base year. Companies must then increase the amount of S.C.-grown products purchased the following year by at least 15%, according to a news release from the agricultural department.

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