Replacement property is placed under the fee agreement to replace economic development property previously subject to the fee agreement. For more information about replacement property, please refer to SC Code Section 12-44-60.

The commencement date is the last day of the property tax year during which economic development property is placed in service.

The last day of the property tax year, which is three years from the year in which the county and the sponsor enter into a fee agreement, is the maximum amount of time allowed before the inception of the investment period.

Investment period means the period beginning with the first day that economic development property is purchased or acquired and ending five years after the commencement date; except that for a project with an enhanced investment, the period ends eight years after the commencement date. The minimum investment must be completed within five years of the commencement date. For an enhanced investment, the applicable minimum investment and job requirements must be completed within eight year of the commencement date.​

Economic development property means each item of real and tangible personal property comprising a project which satisfies the provisions of Section 12-44-40(C) and other requirements of that chapter and is subject to a fee agreement. That property, other than replacement property qualifying under Section 12-44-60, must be placed in service by the end of the investment period.​

Please see SC Code Section 12-44-110.​

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

A letter will need to be sent 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 located on your MyDORWAY​ Manufacturing Property Tax account or our office can place another copy in the mail to the mailing address that is on file with our office.

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

Assets that are acquired via a Stock Sale would be reported at historical cost. Assets that are acquired via 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

Personal Property depreciated value + Real Property gross cost (includes Land, Building & Improvements, Leasehold) x Millage rate x Assessment Ratio = Total Fee Amount

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) ​.

This is to show 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. ​​

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

• Sign up for MyDORWAY >
• Add Manufacturing to your existing MyDORWAY account >​
• File Manufacturing Property Tax returns on MyDORWAY >

The mailing address should be updated either on the PT-300​ or through MyDORWAY.

A final return must be filed for the location that has been closed and an initial return must be filed for the new location that has been opened. ​

When the accounting closing date is changed, within a calendar year, a return is to be filed for each accounting closing date. The SCDOR will determine the assessment from each return and use the highest assessment.​

Contact information can be updated on the PT-300 or through the taxpayer’s Manufacturing Property Tax account on MyDORWAY​.

​Indicate your account closure on your final tax return by selecting Final.​