Form Sc Sch Tc-4sa - Accelerated Small Business Jobs Credit Page 14
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14STEP 3 – DETERMINING THE ALLOWABLE CREDIT (Tax Year 2011)
100% Allowable Credit
8,000
Line 1
100% credit amount for each job (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . .
1. $_______________
0
Line 2
Additional credit amount(s) (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .
2. $_______________
8,000
Line 3
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. $_______________
4
Line 4
Enter the amount from STEP 2, PART B, line 14 for the appropriate tax year . . . . . . . .
4. _______________
Enter -0- if STEP 2, PART B, line 14 is less than 2.
32,000
Line 5
Allowable 100% credit. Multiply line 3 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. $_______________
50% Allowable Credit
4,000
Line 6
50% credit amount for each job (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . .
6. $_______________
0
Line 7
Additional credit amount(s) (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .
7 $_______________
4,000
Line 8
Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. $_______________
6
Line 9
Enter the amount from STEP 1, PART B, line 12 for the appropriate tax year . . . . . . . .
9. _______________
2
Line 10
Line 9 minus line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. _______________
8,000
Line 11
Allowable 50% credit. Multiply line 8 by Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. $_______________
Total Allowable Credit
40,000
Line 12
Add lines 5 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. $_______________
0
Line 13
Your carryover credit from prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. $_______________
40,000
Line 14
Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. $_______________
30,000
Line 15
Your current tax year tax liability. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. $_______________
15,000
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. $_______________
15,000
Line 18
Line 14 minus line 17. Unused credits may be carried forward for 15 years . . . . . . . . . . 18. $_______________
25,000
Social Security Privacy Act Disclosure
It is mandatory that you provide your social security number on this tax form if you are an individual taking this credit. 42 U.S.C
405(c)(2)(C)(i) permits a state to use an individual's social security number as means of identification in administration of any tax. SC
Regulation 117-201 mandates that any person required to make a return to the SC Department of Revenue shall provide identifying
numbers, as prescribed, for securing proper identification. Your social security number is used for identification purposes.
The Family Privacy Protection Act
Under the Family Privacy Protection Act, the collection of personal information from citizens by the Department of Revenue is limited to
the information necessary for the Department to fulfill its statutory duties. In most instances, once this information is collected by the
Department, it is protected by law from public disclosure. In those situations where public disclosure is not prohibited, the Family Privacy
Protection Act prevents such information from being used by third parties for commercial solicitation purposes.
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