CHILD CARE PROGRAM CREDIT: For employers that establish child care programs to benefit employees or donate to a non-profit corporation providing child care services to employees. (TC-9)
Part I: CREDIT FOR ESTABLISHING A PROGRAM
Taxpayers who employ South Carolina residents and establish a child care program for their employees can claim a tax credit under SC Code Section 12-6-3440(A). The credit is for 50% of the program startup expenses and is limited to $100,000.
Part II: CREDIT FOR OPERATING A PROGRAM
Taxpayers who employ South Carolina residents can also claim a tax credit under SC Code Section 12-6-3440(C) if they operate a child care facility for their employees or make direct payments to independent child care facilities for the benefit of their employees. The credit is for 50% of the payments made, up to $3,000 per employee benefiting from the program