Form Sc Sch Tc-4sa - Accelerated Small Business Jobs Credit Page 2
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14STEP 1, PART B (continued)
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
1
2
3
4
5
6
LINE 6: YEAR 1 INCREASE
LINE 7: YEAR 2 INCREASE
LINE 8: YEAR 3 INCREASE
LINE 9: YEAR 4 INCREASE
LINE 10: YEAR 5 INCREASE
LINE 11: YEAR 6 INCREASE
LINE 12: JOBS QUALIFYING FOR CREDIT
(Add lines 6 through 11)
CAUTION: The number of jobs on line 12 for each tax year must be 2 or more to qualify for the credit for that tax year.
STOP HERE if you do not have 2 or more for the current year.
STEP 2 – QUALIFYING FOR THE 100% CREDIT
PART A - DETERMINING THE 120% THRESHOLDS:
If gross wages, when annualized, are paid at or above 120% of the county or State per capita income, whichever is less, the jobs are
eligible for 100% of the traditional credit amount for each qualifying month. If gross wages, when annualized, are below 120% of both
the county and State per capita income, the jobs are eligible for 50% of the traditional credit amount for each qualifying month. Gross
wages are annualized when you multiply them by 12 months and divide them by the actual number of months worked in a tax year.
Prior year threshold:
1. State’s per capita income at the end of the prior year (see STEP 2 instructions) . . . . . . 1. $
2. County’s per capita income at the end of the prior year (see STEP 2 instructions) . . . . 2. $
3. Lesser of Line 1 or Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. $
4. 120% threshold percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
X 4.
120%
5. Multiply Line 3 by Line 4. This is the 120% threshold (Round to nearest whole dollar). .
5. $
If gross wages, when annualized, were paid in the Prior Year at or above the amount on Line 5, include the job in the Prior Year
column below. See instructions for definitions for "annualizing."
Tax year threshold:
6. State's per capita income at the end of the tax year (see STEP 2 instructions) . . . . . . . . 6. $
7. County's per capita income at the end of the tax year (see STEP 2 instructions) . . . . . . 7. $
8. Lesser of Line 6 or Line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. $
9. 120% threshold percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X 9.
120%
10. Multiply Line 8 by Line 9. This is the 120% threshold (Round to nearest whole dollar) . . 10. $
If gross wages, when annualized, were paid during the tax year at or above the amount on Line 10, include the job in appropriate
column below. See instructions for definitions for "annualizing."
34492017
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