Form Sc Sch.tc-54 - South Carolina Credit For Manufacturing Renewable Energy Systems Page 2

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1)
“Capital investment” means an expenditure to acquire, lease, or improve property that is used in operating a
business, including land, buildings, machinery, and fixtures.
2)
“Manufacturing” means fabricating, producing, or manufacturing raw or unprepared materials into usable products,
imparting new forms, qualities, properties, and combinations. Manufacturing does not include generating electricity
for off-site consumption.
3)
“Qualifying investment” means investment in land, buildings, machinery, and fixtures for expansion of an existing
facility or establishment of a new facility in this State. Qualifying investment does not include relocating an existing
facility in this State to another location in this State without additional capital investment.
4)
“Renewable energy operations” are limited to manufacturers of systems and components that are used or useful
in manufacturing renewable energy equipment for the generation, storage, testing and research and development,
and transmission or distribution of electricity from renewable sources, including specialized packaging for the
renewable energy equipment manufactured at the facility.
Social Security Privacy Act Disclosure
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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