Form Sc Sch.tc 12 - Credit For Employers Hiring Recipients Of Family Independence Payments

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STATE OF SOUTH CAROLINA
1350
1350
SC SCH.TC 12
DEPARTMENT OF REVENUE
CREDIT FOR EMPLOYERS HIRING RECIPIENTS
(Rev. 10/10/07)
OF FAMILY INDEPENDENCE PAYMENTS
3327
20
Attach this form to your return.
Name
SS or FED. EI Number
Address
This credit is for employers who hire individuals who have received Family Independence payments for three months
immediately preceding the month of hire. See General Instructions for additional requirements.
COMPUTATION OF TAX CREDIT
A.
First Twelve Months of Employment Occurring in the First Tax Year of Hire
1.
Number of employees qualifying for the credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
2.
Total qualifying wages paid to employees included in line 1 . . . . . . . . . . . . . . . . . .
2.
3.
Credit: Multiply line 2 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
B.
First Twelve Months of Employment Occurring in the Second Tax Year of Hire
1.
Number of Part A, line 1 employees remaining employed. . . . . . . . . . . . . . . . . . . . .
1.
2.
Total qualifying wages paid to employees included in line B1 . . . . . . . . . . . . . . . . .
2.
3.
Multiply line 2 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
Second Twelve Months of Employment Occurring in the Second Tax Year of Hire
4.
Total qualifying wages paid to employees included in line B1 . . . . . . . . . . . . . . . . .
4.
5.
Multiply line 4 by 15% (.15). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6.
Credit: Add lines 3 and 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
C.
Second Twelve Months of Employment Occurring in the Third Tax year of Hire
1.
Number of Part A, line 1 employees remaining employed. . . . . . . . . . . . . . . . . . . . .
1.
2.
Total qualifying wages paid to employees included in line C1 . . . . . . . . . . . . . . . . .
2.
3.
Multiply line 2 by 15% (.15). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
Third Twelve Months of Employment Occurring in the Third Tax Year of Hire
4.
Total qualifying wages paid to employees included in line C1 . . . . . . . . . . . . . . . . .
4.
5.
Multiply line 4 by 10% (.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6.
Credit: Add lines 3 and 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
D.
Third Twelve Months of Employment Occurring in the Fourth Tax Year of Hire
1.
Number of Part A, line 1 employees remaining employed. . . . . . . . . . . . . . . . . . . . .
1.
2.
Total qualifying wages paid to employees included in line D1 . . . . . . . . . . . . . . . . .
2.
3.
Credit: Multiply line 2 by 10% (.10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
E.
Summary
1.
Enter amount from line A3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
2.
Enter amount from line B6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3.
Enter amount from line C6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4.
Enter amount from line D3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5.
Total Credit - Add lines 1, 2, 3, and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
Enter here and on the appropriate tax credit schedule.
33271024

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