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Sunday, September 22, 2024

South Carolina local governments give Amazon $64 million in tax breaks

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Mike Dot/Adobe Stock Photo

Mike Dot/Adobe Stock Photo

Amazon received $64 million in subsidies, tax breaks, and grants from South Carolina communities for five projects.

Advocacy group Good Jobs First, which opposes such subsidies, found South Carolina provided the 15th-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

South Carolina is ranked behind Maryland (3 projects/$68 million) and ahead of Indiana (15 projects/$60 million), Alabama (2 projects/$57 million), and Wisconsin (6 projects/$54 million).

The most expensive subsidy provided in South Carolina was by the Cayce government, which offered $61 million to Amazon in state and local subsidies. Amazon was also allowed to postpone the collection of sales taxes on items bought in the state for five years.  

The second largest subsidy was worth $3 million in state grants for a project in Lexington. 

There was one development which received an undisclosed subsidy amount.

Due to a lack of transparency and secrecy, South Carolina taxpayers will be stuck paying for never disclosed subsidies to major corporations such as Boeing and Volveo. Nearly $200 million is provided through just two of South Carolina's subsidy programs.   

After some controversies regarding its secrecy and poor subsidies oversight, as of 2020 South Carolina started reporting recipients, subsidy amounts, job reports, and investment data for its grants.

As of Nov. 17, 2022, Amazon had received 310 separate tax break deals from local and state governments across the U.S., totaling $5.14 billion. The state of Virginia was home to the largest portion of these taxpayer-subsidized Amazon projects. 

Amazon Tax Breaks Across the U.S.
State# ProjectsTotal Subsidy
Virginia20$824,291,799
Illinois16$732,973,199
New York22$671,446,986
Washington10$608,644,670
Oregon32$483,459,645
Texas13$305,959,751
Ohio14$172,418,555
Tennessee20$166,030,438
Kentucky21$111,789,976
Missouri2$110,600,000
Massachusetts5$86,979,275
California12$84,541,000
Michigan5$82,352,146
Maryland3$68,425,000
South Carolina5$64,297,962
Indiana15$60,389,500
Alabama2$56,500,000
Wisconsin6$54,135,500
Louisiana7$48,967,587
New Jersey3$45,422,240
Florida13$43,239,475
Connecticut3$37,700,000
North Carolina5$31,186,975
Pennsylvania4$29,557,871
Georgia5$27,115,929
Mississippi3$23,925,795
Iowa2$22,400,000
Kansas2$21,802,522
Colorado9$15,779,091
Oklahoma5$11,207,651
Utah3$9,780,226
Delaware2$7,972,500
Minnesota1$5,700,000
New Mexico1$5,244,071
Arizona2$5,139,671
Nevada5$3,251,324
Rhode Island1$2,700,000
Maine11$578,828

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