Purpose

S.C. Code Ann. § 12-14-20, under Title 12, Chapter 14.

S.C. Code Ann. § 12-14-20

It is the purpose of this chapter to establish a program of providing tax incentives for the creation of capital investment in order: (1) to revitalize capital investment in this State, primarily by encouraging the formation of new businesses and the retention and expansion of existing businesses; and (2) to promote meaningful employment.