Form Sc Sch.tc 11-R - South Carolina Recapture Of Capital Investment Credit
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1
2STATE OF SOUTH CAROLINA
1350
1350
SC SCH.TC 11-R
DEPARTMENT OF REVENUE
RECAPTURE OF CAPITAL
(Rev. 9/14/11)
3349
INVESTMENT CREDIT
20
Attach this form to your return.
Name as Shown on Tax Return
SSN or FEIN
IMPORTANT:
Properties
Use 2010 version of this form for recapture of
credit for qualifying investments made in an
A
B
C
D
E
15-year
Economic Impact Zone before January 1, 2011.
3-year
5-year
7-year
10-year
or greater
See instructions.
1. Date property was placed in service
2. Date of disposal or removal from this State
3. Cost or other basis
1%
2%
2.5%
4. Applicable percentage
0.5%
1.5%
5. Amount of credit claimed (line 4 times line 3)
6. Number of full months between the date on
line 1 and the date on line 2
7. Recapture percentage (from worksheet below)
8. Tentative recapture tax (line 7 times line 5)
9. Total Recapture tax (add line 8 of columns A
through E). Increase your income tax by this amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note: On the dotted line next to the tax line write "Includes recapture tax - Sch. TC-11-R".
Recapture Percentage Worksheet
Total Months for Each Class Life
3 Year
5 Year
7 Year
10 Year
15 Year or greater
Property
36
60
84
120
180
Months
1. Class life of property subject to recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Total months from above table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Number of months from line 6 Form TC-11-R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Subtract line 3 from line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Recapture Percentage - Divide line 4 by line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33491028
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