Form Sc Sch Tc4-Sa - Alternative Small Business Job Tax Credit - State Of South Carolina Department Of Revenue Page 4
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4STEP 3 – DETERMINING THE ALLOWABLE CREDIT
100% Allowable Credit
Line 1
100% credit amount for each job (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . .
1. $_______________
Line 2
Additional credit amount(s) (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .
2. $_______________
Line 3
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. $_______________
Line 4
Enter the amount from STEP 2, PART B, line 12 for the appropriate tax year . . . . . . . .
4. _______________
Line 5
Allowable 100% credit. Multiply line 3 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. $_______________
50% Allowable Credit
Line 6.
50% credit amount for each job (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . .
6. $_______________
Line 7.
Additional credit amount(s) (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .
7 $_______________
Line 8
Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. $_______________
Line 9
Enter the amount from STEP 1, PART B, line 12 for the appropriate tax year . . . . . . . .
9. _______________
Line 10
Line 9 minus line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. _______________
Line 11
Allowable 50% credit. Multiply line 8 by Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. $_______________
Total Allowable Credit
Line 12
Add lines 5 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. $_______________
Line 13
Your carryover credit from prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. $_______________
Line 14
Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. $_______________
Line 15
Your current tax year tax liability. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. $_______________
Line 16
Multiply line 15 by 50% (0.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. $_______________
Line 17
Enter the smaller of line 14 or line 16. Enter this amount on the appropriate tax credit
schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. $_______________
Line 18 Line 14 minus line 17. Unused credits may be carried forward for 15 years . . . . . . . . . . . . 18. $_______________
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