South Carolina S0273 provides a tax credit for grocers opening new locations in food deserts and exempts certain purchases from sales tax.

South Carolina S0273 amends the state code to offer a tax credit for grocers that open new locations in food deserts. The credit equals ten percent of the total costs incurred in establishing the new location and must be claimed over three years. Additionally, the bill exempts certain purchases made by grocers operating new stores in food deserts from sales tax. A grocer must submit an application to the department, including a detailed plan for the new location, to claim the tax credit.

South Carolina S0273 provides a tax credit for grocers opening new locations in food deserts and exempts certain purchases from sales tax.

South Carolina S0273 amends the state code to offer a tax credit for grocers that open new locations in food deserts. The credit equals ten percent of the total costs incurred in establishing the new location and must be claimed over three years. Additionally, the bill exempts certain purchases made by grocers operating new stores in food deserts from sales tax. A grocer must submit an application to the department, including a detailed plan for the new location, to claim the tax credit.