Sc Sch Tc-4sa - Accelerated Small Business Jobs Credit (Page 8 of 15) in pdf

"Qualifying service-related facility" means:

(a) an establishment engaged in an activity or activities listed under the North American Industry Classification System

Manual (NAICS) Section 62: subsectors 621 (ambulatory health care), 622 (hospitals), and 623 (residential care facilities); or

(b) a business, other than a business engaged in legal, accounting, banking, or investment services (including NAICS Section 65

management of companies and enterprises) or retail sales, which has a net increase of at least:

(1) 175 jobs at a single location;

(2) 150 jobs at a single location comprised of a building or portion of a building that has been vacant for at least 12 consecutive

months prior to the taxpayer's investment;

(3) 100 jobs at a single location and the jobs have an average cash compensation level of more than one and one-half (1.5x)

times the lower of state per capita income or per capita income in the county where the jobs are located;

(4) 50 jobs at a single location and the jobs have an average cash compensation level of more than twice (2x) the lower of

state per capita income or per capita income in the county where the jobs are located; or

(5) 25 jobs at a single location and the jobs have an average cash compensation level of more than two and one-half (2.5x)

times the lower of state per capita income or per capita income in the county where the jobs are located.

A taxpayer must use the most recent per capita income data available as of the end of the tax year in which the jobs are filled.

"Technology intensive facility" means a facility at which a firm engages in the design, development, and introduction of new

products or innovative manufacturing processes, or both, through the systematic application of scientific and technical knowledge. It

can be any of these NAICS Codes: 5114 database and directory publishers, 5112 software publishers, 54151 computer systems

design and related services, 541511 custom computer programming services, 541512 computer systems design services, 541711

(2007 NAICS) research and development in biotechnology; 541712 (2007 NAICS) research and development in physical,

engineering, and life sciences; 518210 data processing, hosting, and related services, 9271 space research and technology; or a

facility primarily used for one or more activities listed under NAICS Code 51811 (2002) (internet service providers and web search

portals).

“Extraordinary retail establishment” means a single store located in South Carolina within two miles of an interstate highway or in

a county with at least 3,500,000 visitors a year. It must be a destination retail establishment with at least 2,000,000 visitors a year,

and with at least 35% of them traveling at least 50 miles to the establishment. It must have a capital investment of at least

$25,000,000 including land, buildings and site preparation costs. It must have one or more hotels built to service the establishment

within three years of occupancy. It must have a certificate of occupancy after July 1, 2006. The Department of Parks, Recreation and

Tourism determines and annually certifies who qualifies as a extraordinary retail establishment and its judgment is conclusive.

Sc Sch Tc-4sa - Accelerated Small Business Jobs Credit Page 8