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South Carolina Motion Picture Project Certification
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Who Must Complete the Form Section 12-6-3510 which established the credits provided in TC-13 was repealed effective July 1, 2004. Section 12-6-3570 establishes the credits provided in TC-25 and became effective July 1, 2004. Entities that invest after June 30, 2004 in a company that produces or d...
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South Carolina Form 4972 10 Year Option |
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IF you are going to Complete 4972 10-year tax option. (See federal instructions.) Multiple recipients see Multiple recipients of a lump-sum distribution, earlier. Line 8. If Form 1099-R, box 2a, is blank, you must first figure the taxable amount. For details on how to do this, see Pub. 575. If you...
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South Carolina Tuition Tax Credit
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Qualifying Colleges and Universities 4-Year Independent Institutions (Credit - 25% of tuition paid, not to exceed $850 per tax year)Allen University, Anderson University, Benedict College, Bob Jones University, Charleston Southern University, Claflin University,Coker College, Columbia College, Col...
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South Carolina Tuition Tax Credit |
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To help ease the financial burden for South Carolina college students and their families, the South Carolina General Assembly has created an income tax credit for tuition paid to South Carolina colleges and universities. Who can claim the credit? The student, parents, guardian or whomever actu...
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South Carolina Carryover of Unused Qualified Credits
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Enter the carryover of unused non-refundable credits from prior years. Refer to the particular form applicable to your tax credit for the maximum credit and period of time to carryover. Attach a breakdown of the credit by type and year started....
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South Carolina Scenic River Tax Credit |
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A landowner who donates a perpetual easement to the State of South Carolina under the Scenic Rivers Program (Title 49, Chapter 29) is entitled to a credit against state income tax. The credit allowed is equal to the fair market value of the easement granted, meaning the difference between the fair ...
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South Carolina Motion Picture Credit Entry
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Qualifed South Carolina Motion Picture Project South Carolina Code §12-6-3570(A) provides an income tax credit equal to 20% of a taxpayer’s cash investment in a company that develops or produces a qualified South Carolina motion picture project. For a motion picture equity fund created...
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South Carolina Water Resources Credit Restoration Costs |
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PURPOSE: The General Assembly finds that South Carolina is blessed with abundant rain fall and other water resources which when managed through the construction of impoundments and water control structures abate erosion and sedimentation, conserve water for use during times of drought and add to th...
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South Carolina Certified Historic Residential Structure Credit
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The certified historic residential structure credit is available for "rehabilitation expenses" to a "certified historic residential structure," as those terms are defined below. The credit is available if the expenses are incurred in taxable years beginning after 2002 and if the property is placed ...
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South Carolina Form 4972 Tax on Lump Sum Distributions |
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South Carolina provisions for lump sum distributions are the same as the federal provisions except South Carolina does not impose a premature distribution penalty. If you used federal Form SC4972 for a lump sum distribution, you must use the South Carolina SC-4972 to compute the South Carolina tax....
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South Carolina Motion Picture Project/Production Facility Credit
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Who Must Complete the Form Section 12-6-3510 which established the credits provided in TC-13 was repealed effective July 1, 2004. Section 12-6-3570 establishes the credits provided in TC-25 and became effective July 1, 2004. Entities that invest after June 30, 2004 in a company that produces or de...
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South Carolina New Jobs Credit |
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REMINDERS Please read SC Revenue Ruling 99-5 and any subsequent Revenue Rulings before completing this form. (Go to our website: www.sctax.org, click on "Law and Policy: Dept. Advisory Opinions > Index > INCOME", and scroll down to the heading "Jobs Tax Credit".) The amount of the credit is $...
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South Carolina Carryover of Unused Qualified Credits
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Enter the carryover of unused non-refundable credits from prior years. You will need to have documentation referring to the particular form applicable to your tax credit for the maximum credit and period of time to carryover, as well as a break down of the credit by type and year started....
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South Carolina Payment Options |
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File your Individual Income Tax return using one of the electronic filing methods and pay your balance due by Electronic Funds Withdrawal (EFW). Automatic withdrawal from your checking or savings account is available on the payment date you select. However, you must pay your balance due in full by ...
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South Carolina Use Tax
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The use tax is a tax that applies to purchases of tangible personal property from out-of-state retailers for use, storage or consumption in South Carolina, and includes purchases from retailers made via the Internet (retailers' websites and retailers' sales on auction sites), through out-of-state c...
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