Form Sc Sch.tc-41 - Renewable Fuel Facility Credits (Page 2 of 2) in pdf

A taxpayer may not claim this credit and also claim either the TC-8 Corporate Headquarters Credit or the TC-22 Certified

Historic Structure Credit with respect to the same costs of constructing and installing a facility.

The credit must be taken in 7 equal annual installments beginning with the tax year in which the facility is placed in

service. In any of the 7 years, if the facility is disposed of or taken out of service, the credit expires and the taxpayer may

not use any remaining installment of the credit. An installment may be carried forward for 10 years.

For this credit, “renewable fuel” means liquid nonpetroleum-based fuels that may be placed in motor vehicle fuel tanks

and used as a fuel in a highway vehicle. It includes all forms of fuel commonly or commercially known or sold as biodiesel

and ethanol.

Property Used for Distribution or Dispensing Renewable Fuel

The amount of credit for purchasing or constructing and installing and placing in service in this State property that is used

for distribution or dispensing renewable fuel at a new or existing commercial fuel distribution or dispensing facility is 25%

of the cost to the taxpayer of purchasing, constructing and installing the property.

Eligible property includes pumps, storage tanks, and related equipment that is directly and exclusively used for

distribution, dispensing or storing renewable fuel. Qualifying equipment used to store, distribute or dispense renewable

fuel must be labeled for this purpose and clearly identified as associated with renewable fuel.

The credit must be taken in 3 equal annual installments beginning with the tax year in which the property is placed in

service. In any of the 3 years, if property directly and exclusively used for distributing, dispensing or storing renewable

fuel is disposed of or taken out of service and not replaced, the credit expires and the taxpayer may not use any

remaining installment of the credit. An installment of credit may be carried forward for 10 years.

For this credit, “renewable fuel” means E70 or greater ethanol fuel dispensed at the retail level for use in motor vehicles

and pure ethanol or biodiesel fuel dispensed by a distributor or facility that blends these nonpetroleum liquids with

gasoline fuel or diesel fuel for use in motor vehicles.

Certification by the State Energy Office

Each taxpayer must submit a request for credit to the State Energy Office by January 31st for all qualifying property or a

qualifying facility, as applicable, placed in service in the previous calendar year. The Office’s form for requesting credit is

available at energy.sc.gov or by calling 800.851.8899. The Office will notify the taxpayer that it qualifies for the credit

and the amount of credit allocated to the taxpayer by March 1st of that year. The taxpayer may claim the allocated

amount of credit for its tax year that includes December 31st of the previous calendar year. The Department of Revenue

may require any documentation that it deems necessary to administer the credit.

NOTE: Attach the State Energy Office letter of certification and this form to your Income Tax Return, or keep with your

tax records if filing electronically.

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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Form Sc Sch.tc-41 - Renewable Fuel Facility Credits Page 2