Form Sc Sch.tc 6 - Infrastructure Credit

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STATE OF SOUTH CAROLINA
1350
1350
SC SCH.TC 6
DEPARTMENT OF REVENUE
(Rev. 11/15/07)
INFRASTRUCTURE CREDIT
3240
Attach this form to your return.
20
Name of Corporation
FED. EI Number
Address of Corporation
COMPUTATION OF TAX CREDIT
PART I WATER LINES
A separate Sch. TC-6 must be prepared for each water line project.
Expenses of water lines project and related facilities.
1.
(Project must be dedicated to public use or deeded to a qualified private entity.
1.
$
See instructions, paragraph B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenses allocated to taxpayer's benefit.
2.
2.
(See instructions, paragraph C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
Contributions
4.
4.
(See instructions, paragraph D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
Combine lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6.
Multiply amount on line 5 by 50% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7.
$10,000
Maximum credit allowed per project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
Enter the lesser of lines 6 or 7.
8.
Credit amount on line 8 is combined with credit amounts from other qualifying
8.
infrastructure projects and entered on form SC1120-TC . . . . . . . . . . . . . . . . . . . . . .
PART II SEWER LINES
A separate Sch. TC-6 must be prepared for each sewer line project.
1.
Expenses of sewer lines project and related facilities.
(Project must be dedicated to public use or deeded to a qualified private entity.
See instructions, paragraph B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
$
2.
Expenses allocated to taxpayer's benefit
(See instructions, paragraph C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3.
Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4.
Contributions
(See instructions, paragraph D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5.
Combine lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6.
Multiply amount on line 5 by 50% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7.
Maximum credit allowed per project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
$10,000
8.
Enter the lesser of lines 6 or 7.
Credit amount on line 8 is combined with credit amounts from other qualifying
infrastructure projects and entered on form SC1120-TC . . . . . . . . . . . . . . . . . . . . . .
8.
32401028

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