Form Sc Sch Tc-4sa - Accelerated Small Business Jobs Credit Page 10
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14Computation of jobs over the 120% threshold
Line 1 Total employees. Add amounts from each column.
Line 2 Number of months in operation. Enter the number of months that existed in the corresponding tax year.
Line 3 Monthly average of full-time employees. Divide line 1 by line 2 and round down to the next whole number.
Line 4 Previous year average. Enter the line 3 amount from the previous column.
Line 5 Average increase in full-time employees. Line 3 minus line 4.
Line 6 through 11 Yearly increases. New jobs qualify for five consecutive years, beginning with the year the new full-time jobs are
created, as long as they are maintained.
Line 12 Add lines 6 through 11.
Line 13 Enter the amounts from STEP 1, PART B, line 12.
Line 14 Jobs qualifying for the credit. Enter the lesser of line 12 or line 13.
CAUTION:
The number of jobs on line 14 for each tax year must be 2 or more to qualify for the 100% credit. If line 14 is less than 2,
enter -0- on STEP 3, line 4.
STEP 3 Instructions – DETERMINING THE ALLOWABLE CREDIT
100% Allowable Credit
Line 1 100% credit amount for each job
Use the county designation in effect at the time new jobs are created unless a form SC616 is filed with the Department of Revenue
before staffing to "lock in" a different designation. The credit amounts for each designation are:
$8,000 for each new full-time job created in Tier IV counties.
$4,250 for each new full-time job created in Tier III counties.
$2,750 for each new full-time job created in Tier II counties.
$1,500 for each new full-time job created in Tier I counties.
Line 2 Additional credit amount(s)
(1) A facility located in a multi-county business or industrial park is allowed an additional $1,000 credit for each new full-time job created.
(2) A facility located on property where a response action has been completed pursuant to a non-responsible party voluntary cleanup
contract under the Brownfields Voluntary Cleanup Program is allowed an additional $1,000 credit for each new full-time job created.
The additional credit is not allowed to a "responsible party".
Except in Tier IV counties, the maximum aggregate credit for a single employee by combining this credit and the TC-12 and TC-12A
employer tax credits is $5,500.
Line 3 Add lines 1 and 2. This is the amount of credit for each job at or over the 120% threshold.
Line 4 Enter the amount from STEP 2, PART B, line 12 for the appropriate tax year. This is the number of jobs at or over the
120% threshold. Enter -0- if STEP 2, PART B, line 14 is less than 2.
Line 5 Allowable 100% credit. Multiply line 3 by line 4.
50% Allowable Credit
Line 6 50% credit amount for each job
Use the county designation in effect at the time new jobs are created unless a Form SC616 is on file at the Department of Revenue
"locking in" a different designation:
$4,000 for each new full-time job created in Tier IV counties.
$2,125 for each new full-time job created in Tier III counties.
$1,375 for each new full-time job created in Tier II counties.
$750 for each new full-time job created in Tier I counties.
Line 7 Additional credit amount(s). See line 2 instructions.
Line 8 Add lines 6 and 7. This is the amount of credit for each job under the 120% threshold.
Line 9 Enter the amount from STEP 1, PART B, line 12 for the appropriate tax year. This is the total number of qualifying jobs.
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