Form Sc 1120u - Public Utility Tax Return (Page 9 of 9) in pdf

Form Sc 1120u - Public Utility Tax Return Page 9

Page 9

SC1120U

SCHEDULE N

PROPERTY INFORMATION

Property Within South Carolina

(a) Beginning Period

(b) Ending Period

1. Land

2. Buildings

3. Machinery and Equipment

4. Construction in Progress

5. Other Property*

TOTAL

*Please provide an explanation or listing of property from line 5 above.

Description of Property

(a) Beginning Period

(b) Ending Period

TOTAL

GENERAL INFORMATION

Provide both FEIN and SC File Number.

You may claim an extension through DORePay at or by filing SC1120-T by the original due date.

A federal extension will be accepted as a South Carolina extension if the corporate return is received within the time as extended

by the Internal Revenue Service.

Attach a copy of the federal or South Carolina extension to the tax return when filed.

There is no extension for payment of corporate income tax or license fee. Any income tax or license fee due must be paid by the

original due date to avoid the assessment of late penalties and interest.

INSTRUCTIONS

Line 17 Instructions - If the company paid cash to provide infrastructure for an eligible project, enter the amount on line 17. Attach a schedule

to the return setting forth the name of the person completing the project, a description of the project, under what section or sections of the

statute the project qualifies, the amounts in cash that were paid for infrastructure and to whom and when paid, a description of the

infrastructure, and the date the infrastructure was completed or is expected to be completed. If the infrastructure has not been completed as of

the date the return is filed, the taxpayer must include a waiver of the statute of limitations. The maximum credit for a single tax year may not

exceed $300,000. If the credit exceeds tax liability, the excess may be carried forward and deducted in the succeeding tax year. For more

information see SC Revenue Ruling #99-6.

Refer to SC1120 instructions if Public Utilities 'C' Corporation.

Refer to SC1120S instructions if Public Utilities 'S' Corporation.

For additional information refer to SC1120 instructions.

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Form Sc 1120u - Public Utility Tax Return Page 9