Fee in Lieu of Taxes | South Carolina Department of Revenue

Did you receive a Manufacturing Property Tax Account Notification (PT-350)?

You will need information from this letter the first time you file your Manufacturing Property Tax Return on MyDORWAY. If you use a preparer to file, send them a copy of this notice. If you file yourself, check out the "How to File" information on this page to get started.

A FILOT is a Fee in Lieu of Tax agreement, which is a contractual Property Tax incentive between a company and the county where the company's project is located.

Industries that invest at least $2.5 million in South Carolina may negotiate for a fee-in-lieu of Property Taxes. This can result in a savings of about 40% on Property Taxes:

Certain large investments may be able to further reduce their liability by negotiating the assessment ratio from 10.5% down to 6%.
For large investments, the assessment ratio can be reduced down to 4%.
The county and the industry may agree to either set the millage rate for the entire agreement period or have the millage change every five years in step with the average millage rate for the area where the project is located.

Any personal property subject to the FILOT depreciates in accordance with South Carolina law, while the real property is either set at cost for the life of the agreement or can be appraised every five years.

A FILOT agreement is granted by, and at the discretion of, the county where the project is located:

The industry must make the $2.5 million investment over a five-year period to qualify.
Large investment projects have eight years to meet their increased investment requirements. During this period, all property that is placed in service pursuant to the agreement is subject to a fee instead of ad valorem Property Taxes.
A county may give the industry an additional five years to complete the project and place new property in service subject to the fee.
A single piece of property can be subject to the fee for up to 40 years with the county’s consent.
The total project can be subject to the fee for up to 50 years with the county’s consent.

Other unique things about a FILOT are the ability to replace used property with new property and have it subject to the fee and the option for the county to grant a credit against the fee.

Need to close your business tax account?
Indicate your account closure on your final tax return by selecting Final.

How to file and pay

Need help?

Phone: 803-898-5311
Email: Manufacturing.PropertyTax@dor.sc.gov

Property Taxes are based on the status of the property as of the taxpayer's accounting closing date of the previous year. For example, a taxpayer filing a return for their March 2025 accounting closing date should file their Tax Year 2026 return, which is due by July 31, 2025.

We recommend filing your return using our free online tax portal, MyDORWAY.
To file by paper, use the Manufacturing Property Tax Return (PT-300) and applicable schedules.

Late payment penalties, millage rates, and tax levies are applied by the local county and should be appealed to the county auditor. Phone numbers and mailing addresses for all county officials are on the Association of Counties website. See SC Revenue Ruling #98-3.

Schedule	Real Property Assessment Ratio	Personal Property Assessment Ratio
Schedule A: Manufacturing or Mining	10.5%	10.5%
Schedule B: Non-Contiguous Manufacturing or Mining	6%	10.5%
Schedule C: Manufacturing Research and Development	6%	10.5%
Schedule D: Manufacturing Corporate Headquarters Distribution Facility	6%	10.5%
Schedule E: Leased Utility	10.5%	10.5%
Schedule F: Leased Transportation for Hire	9.5%	9.5%
Schedule J: Non-Manufacturing Research and Development	6%	10.5%
Schedule K: Non-Manufacturing Corporate Headquarters Distribution Facility	6%	10.5%
Schedule L: Manufacturing Warehouse	6%	10.5%
Schedule S: Manufacturing Fee in Lieu	Refer to FILOT Agreement	Refer to FILOT Agreement
Schedule T: Non-Manufacturing Fee in Lieu	Refer to FILOT Agreement	Refer to FILOT Agreement

Returns are required to be filed no less than once each calendar year. Returns are normally due on or before the last day of the fourth month following the taxpayer’s accounting closing date used for income tax purposes.

Initial return: The initial return is required to be filed for the first calendar year in business based on the taxpayer’s accounting closing date or December 31, whichever comes first. For example, a taxpayer who starts operation in July, after their June accounting closing date, should file based on assets as of December 31.
Change in account closing date: When a taxpayer changes their accounting closing date within a calendar year, they must file a return for each accounting closing date. The SCDOR will determine the assessment from each return and use the highest assessment.
Property sold after the seller's account closing date: A return is required by the seller, based on the seller's accounting closing date. The purchaser is not required to file a return as of the purchaser's accounting closing date during the calendar year of the sale.
Property sold before the seller's account closing date: An initial return is required by the purchaser, based on the purchaser's accounting closing date or December 31, whichever comes first, after the purchase of the property.

Failure to file in a timely manner may result in an estimated assessment, the loss of exemptions, and late filing penalties in accordance with SC Code Section 12-37-800.

Amended Returns

Amended returns may be accepted or rejected if filed after the due date. Claims for refunds must be filed within 3 years of return being filed or 2 years of being paid.

Form Name	2026	2025	2024	2023
Property Tax Return	PT-300	PT-300	PT-300	PT-300
Property Tax Return Instructions	PT-300	PT-300	PT-300	PT-300
Schedule A - Manufacturing or Mining	PT-300 A	PT-300 A	PT-300 A	PT-300 A
Schedule B - Non-Contiguous Manufacturing	PT-300 B	PT-300 B	PT-300 B	PT-300 B
Schedule C - Research and Development	PT-300 C	PT-300 C	PT-300 C	PT-300 C
Schedule D - Corporate Headquarters Corporate Office Facility Distribution Facility	PT-300 D	PT-300 D	PT-300 D	PT-300 D
Schedule E - Leased Utility	PT-300 E	PT-300 E	PT-300 E	PT-300 E
Schedule F - Leased Transportation for Hire	PT-300 F	PT-300 F	PT-300 F	PT-300 F
Schedule G - Fee in Lieu of Tax Supplemental	PT-300 G	PT-300 G	PT-300 G	PT-300 G
Schedule J - Non-Manufacturing Research and Development	PT-300 J	PT-300 J	PT-300 J	PT-300 J
Schedule K - Non-Manufacturing Corporate Headquarters Distribution Facility	PT-300 K	PT-300 K	PT-300 K	PT-300 K
Schedule L - Manufacturing Warehouse	PT-300 L	PT-300 L	PT-300 L	PT-300 L
Schedule S - Fee in Lieu of Tax	PT-300 S	PT-300 S	PT-300 S	PT-300 S
Schedule T - Non-Manufacturing Fee in Lieu of Tax	PT-300 T	PT-300 T	PT-300 T	PT-300 T
Schedule X - Improvement Schedule	PT-300 X	PT-300 X	PT-300 X	PT-300 X
Schedule Z - Lease Schedule	PT-300 Z	PT-300 Z	PT-300 Z	PT-300 Z
Fee In Lieu of Property Tax Initial Report Form	PT-443	PT-443	PT-443	PT-443

MyDORWAY

Sign Up for MyDORWAY.

Amend a Tax Return on MyDORWAY.

Pre-filled return information – If you’ve previously filed a Manufacturing Property Tax Return (PT-300), MyDORWAY will pre-fill your return with the prior year’s information, making filing easier than ever.
Enhanced return summaries – MyDORWAY provides detailed Schedule data you can view anytime or save for your records.
New filing reminders – Filing reminder notices and MyDORWAY web messages will be distributed four months before the return due date.

Learn more about MyDORWAY. >

Frequently asked questions

Property taxes are based on the status of the property as of the taxpayer's accounting closing date of the previous year. The taxpayer's 2024 tax year return should be based on the 2023 accounting closing date. For example, a taxpayer filing a return for their March 2025 accounting closing date should file their Tax Year 2026 return, which is due by July 31, 2025.

Yes, in accordance with SC Code Sections 12-37-975 & 12-54-85(F)(1). Amended returns may be accepted or rejected if filed after the due date. Claims for refunds must be filed within 3 years of return being filed or 2 years of being paid.

The appeal deadline is 90 days from the date on the assessment notice.

Update your mailing address or contact information on either the PT-300 or through MyDORWAY.

To update your address on MyDORWAY, start by logging in. On the next screen, click More, then select Manage Names & Addresses.

You must file a final return for the location that has been closed and an initial return for the new location that has been opened.

You must send a letter to our office on company letterhead, including the business name, SID suffix, tax year for which you are requesting the penalty waiver, detailed reason with facts and circumstances that caused the failure to timely file the return and include a copy of the Property Assessment Notice. This information can be mailed to our office or emailed to our office at manufacturing.propertytax@dor.sc.gov.

Late payment penalties are applied by the local county and should be appealed to the county auditor.

Property Assessment Notices are available on MyDORWAY for Manufacturing Property Tax account holders. Log in, click the More tab, and select View Letters on the next screen to view all notices issued by the SCDOR. Contact the SCDOR to request another mailed copy of the notice.

Disposals should be removed from the year in which the asset was originally placed in service.

Assets that are acquired by a Stock Sale would be reported at historical cost. Assets that are acquired by an Asset Sale can be reported at the recapitalize cost.

Property sold after the seller's account closing date: A return is required by the seller, based on the seller's accounting closing date. The purchaser is not required to file a return as of the purchaser's accounting closing date during the calendar year of the sale.
Property sold before the seller's account closing date: An initial return is required by the purchaser, based on the purchaser's accounting closing date or December 31, whichever comes first, after the purchase of the property.

For more examples, please see SC Revenue Ruling #16-12.

The initial return is required to be filed for the first calendar year in business based on the taxpayer’s accounting closing date or December 31, whichever comes first. Example: A taxpayer who starts operation in July, after their June accounting closing date, should file based on assets as of December 31.

When the accounting closing date is changed within a calendar year, you must file a return for each accounting closing date. The SCDOR will determine the assessment from each return and use the highest assessment.

Personal property depreciated value + real property gross cost (includes land, building & improvements, leasehold) x millage rate x assessment ratio = total fee amount

The millage rate and assessment ratio can be found within the agreement.

Depreciation of personal property for a manufacturer is determined by industry as set forth in SC Code Section 12-37-930 for Schedules A, E, F, L, and S.

Depreciation of personal property for Schedules B, C, D, J, K, and T use the company’s netbook value (or income tax depreciation).

Schedule G shows the county a comparison between a regular manufacturing assessment and a fee assessment.

The Schedule G:

Should be mailed to the county auditor where the property located.
If no appraised value is available, use gross cost value.
Only filed if a schedule S or T is completed on your PT-300 return.

Failure to file in a timely manner may result in an estimated assessment, the loss of exemptions and late filing penalties, in accordance with SC Code Section 12-37-800.

Yes! We recommend filing online using MyDORWAY, our free online tax portal. MyDORWAY is a secure, convenient, and easy way to file your Manufacturing Property Tax Return, thanks to the prefilled return information and enhanced return summaries.

Check out these tutorials to learn how to:

Extensions may be granted to FILOT returns, in accordance with SC Code Section 12-44-90(H).

Mailing address:

South Carolina Department of Revenue | Manufacturing Section | PO Box 125 | Columbia, SC 29214-0704

Did you receive a Manufacturing Property Tax Account Notification (PT-350)?

A FILOT is a Fee in Lieu of Tax agreement, which is a contractual Property Tax incentive between a company and the county where the company's project is located.

How to file and pay

Need help?

Assessment ratios

Due dates

Amended Returns

Paper forms

MyDORWAY

What are the benefits of using​ MyDORWAY?

What Tax Year return should be filed?

Are amended returns accepted?

I have received my assessment notice. How long do I have to appeal?

How do I update my mailing address or contact information?

I have moved locations. How do I update my account?

A late filing penalty is listed on my assessment notice. How do I request a waiver?

I did not receive my assessment notice. How do I request another copy of the notice?

How are disposals reported on the return?

How are assets reported after a sale/purchase?

When should an initial return be filed?

How can I change my accounting closing period?

How is my fee calculated?

What is my depreciation rate?

Where should I send Schedule G?

What is failure to file?

Can I file online?​​​

Does the SCDOR grant extensions?

Mailing address: