Form Sc Sch Tc-4sa - South Carolina Accelerated Small Business Jobs Credit (Page 2 of 14) in pdf

STEP 1, PART B (continued)

YEAR

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

Form Sc Sch Tc-4sa - South Carolina Accelerated Small Business Jobs Credit Page 2