Sc Sch.tc-48 - Plug-In Hybrid Vehicle Credit (Page 2 of 2) in pdf

Sc Sch.tc-48 - Plug-In Hybrid Vehicle Credit Page 2

Line-by-line instructions

Line 1. Enter the amount of credit. The Department of Revenue will approve the credit amount in writing after it receives

a TC-48A application from an eligible taxpayer.

Line 2. Enter your current year tax liability.

Line 3. Enter the lesser of line 1 or line 2. The credit is nonrefundable.

Line 4. Subtract line 3 from line 1. This is the amount of your unused credit available for carryforward. Unused credit

can be carried forward for 5 years.

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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Sc Sch.tc-48 - Plug-In Hybrid Vehicle Credit Page 2