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South Carolina Angel Investor Tax Credit

South Carolina Angel Investor Tax Credit

Provides tax relief support for accredited investors and South Carolina early stage companies through an angel investor programme.

DiscontinuedSouth Carolina Department of RevenueUnited StatesEligible in South Carolina

The South Carolina Angel Investor Tax Credit (TC-56) was an investor-side nonrefundable income tax credit established under SC Code §11-44-10 et seq. (the High Growth Small Business Job Creation Act) and administered by the South Carolina Department of Revenue. The credit was equal to 35% of a qualified investment made by an accredited individual investor — or a pass-through entity — into a SCDOR-…

Provides accredited individual investors a 35% nonrefundable South Carolina income tax credit on qualified investments in SCDOR-certified early-stage in-state companies; program expired December 31, 2025.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.$5M

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Last verified: 29 Jun 2026Source: dor.sc.gov