Form Sc Sch.tc-30 - Port Cargo Volume Increase Credit (Page 2 of 2) in pdf

The taxpayer must claim the credit against income tax or employee withholding in a manner prescribed by the

Department. The Department may require a copy of the certification form issued by the council be attached to the return

or otherwise provided.

NOTE: When filing an income tax return, attach the Council’s letter of certification and this form to your tax return, or

keep with your tax records if filing electronically.

Effective January 1, 2011, the Council may annually award up to $1 million of the $8 million limit for all taxpayers to a new

warehouse or distribution facility that commits to expending at least $40 million at a single site and creating 100 new

full-time jobs. For this type of taxpayer, the base-year cargo provisions do not apply. The Council may make the award

in the year the facility is announced, but may not tender the certificate until it receives satisfactory proof that the capital

investment and job creation requirements have been or will be satisfied. Any credit certificate expires three years after

issuance if satisfactory proof has not been received.

The Department of Revenue and the Department of Commerce may exchange information submitted by the taxpayer

pertaining to this credit.

Definitions

“TEU” means 20-foot equivalent unit, which is a volumetric measure based on the size of a container 20' long X 8' wide X

8'6" high.

“Base year port cargo volume” initially means the total amount of net tons of noncontainerized cargo or TEUs of cargo

actually transported by way of a waterborne ship through a port facility during the period from January 1, 2009 through

December 31, 2009. Base year port cargo volume must be at least 75 net tons of noncontainerized cargo or 10 TEUs for

a taxpayer to be eligible for this credit. If the taxpayer does not ship that amount in the year ending December 31, 2009

or if the taxpayer locates in South Carolina after December 31, 2009, its base cargo volume will be measured by the initial

January 1 through December 31 calendar year in which it meets the requirements of 75 net tons of noncontainerized

cargo or 10 loaded TEUs. Base year port cargo volume is recalculated each calendar year after the initial base year.

“Port facility” means any publicly or privately owned facility located within this State through which cargo is transported by

way of a waterborne ship or vehicle to or from destinations outside this State and which handles cargo owned by third

parties in addition to cargo owned by the port facility's owner.

“Port cargo volume” means the total amount of net tons of noncontainerized cargo or containers measured in TEUs of

cargo transported by way of a waterborne ship or vehicle through a port facility.

Social Security Privacy Act

It is mandatory that you provide your social security number on this tax form if you are an individual taxpayer. 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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Form Sc Sch.tc-30 - Port Cargo Volume Increase Credit Page 2