Form Sc Sch.tc 9 - South Carolina Credit For Child Care Program (Page 2 of 3) in pdf

Form Sc Sch.tc 9 - South Carolina Credit For Child Care Program Page 2

PART II

ANNUAL EXPENSES OF OPERATING A CHILD CARE PROGRAM.

A. When you operate the program

1. Salaries and wages

2. Supplies

3. Utilities

4. Other

5. Total for year

6. Multiply the amount on line 5 by .50 (50%).

7. Number of employees benefiting from the program

8. Multiply the number on line 7 by $3,000.00.

9. Enter the lesser of the amounts on lines 6 or 8. Enter here and in Part III.

B. When you make direct payment to licensed child care facilities which you do not operate.

1. Direct payments to licensed or registered independent child care facilities

2. Actual administrative expenses limited to 2% (two percent) of direct payments on

line 1

3. Total for year

4. Multiply the amount on line 3 by .50 (50%).

5. Number of employees benefiting from the program

6. Multiply the number on line 5 by $3,000.00

7. Enter the lesser of the amounts on lines 4 or 6. Enter here and in Part III.

PART III

SUMMARY

1. Enter the amount from Part I A, line 13.

2. Enter the amount from Part II A, line 9.

3. Enter the amount from Part II B, line 7.

4. Unused child care program credit carryover

5. Total - Add amounts on lines 1 through 4.

6. Enter 50% of state income tax, bank tax or insurance premium tax.

7. Allowable credit - Enter the lesser of the amounts from lines 5 or 6 here

and on the appropriate tax credit schedule.

32912024

Form Sc Sch.tc 9 - South Carolina Credit For Child Care Program Page 2