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South Carolina New Jobs Credit

Article ID: 34954  

Question
South Carolina New Jobs Credit

Answer

Who may claim:

Qualifying taxpayers include those that operate:

  • manufacturing, tourism, processing, warehousing, distribution, research and development facilities; corporate offices, qualifying service-related facilities, agribusiness operations, extraordinary retail establishments, qualifying technology intensive facilities, and banks; and
  • retail facilities and service-related industries located in counties designated as Tier IV.

Credits can be claimed for five (5) years beginning in Year 2 after the creation of each new full-time job. Credits are not allowed for a tax year in which the new full-time job increase falls below the minimum level of required new full-time jobs. In most cases the required number of new full-time jobs is 10.

SC Form TC-4


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Views: 381 Created on: Jun 15, 2013