Form Wh-1670 - Port Cargo Volume Increase Credit Against Employee Withholding

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1350
STATE OF SOUTH CAROLINA
STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE
DEPARTMENT OF REVENUE
WH-1670
PORT CARGO VOLUME INCREASE CREDIT
(Rev. 9/4/13)
AGAINST EMPLOYEE WITHHOLDING
3565
SC WITHHOLDING NO.
QUARTER
BUSINESS NAME AND ADDRESS
1st Quarter
2nd Quarter
3rd Quarter
FEIN
4th Quarter
Use this form to claim the credit against employee withholding.
YEAR
Use TC-30 if claiming an income tax credit.
Part I. Withholding
Use your quarterly withholding return to complete this section.
1.
SC state income tax deposits reported in the quarterly withholding return.
2.
SC Tax Due payments reported in the quarterly withholding return.
3.
Total SC state income tax deposits and payments. (Line 1 + Line 2)
4.
SC Refund claimed in the quarterly withholding return.
5.
Net Available Withholding (Line 3 - Line 4)
6.
Amount of non-employee (1099) withholding reported in the current quarterly
withholding return.
7.
Current available employee (W-2) withholding for Port Cargo Employee
Withholding Credit. (Line 5 - Line 6)
Part II. Port Cargo Withholding Credit
8.
Enter the amount of credit against employee withholding, as certified this year
by the Coordinating Council for Economic Development.
9.
Total Port Cargo Credit used in prior quarter(s) of the current year where
applicable.
First Quarter (Jan – Mar)
Second Quarter (Apr – Jun)
Third Quarter (Jul – Sep)
10.
Available Port Cargo Volume Increase Credit for the current quarter.
(Line 8 - Line 9.)
Part III. Refund Amount
11.
Enter the lesser of Line 7 and Line 10.
This is the amount of Port Cargo Credit refunded for the current quarter.
Part IV. Carry Forward
12.
This is the amount of your unused credit. (Line 10 - Line 11)
Unused Port Cargo Withholding Credits can be carried forward for up to 20 quarters.
When signing this form, it is important that the information contained in your report be correct and complete. To wilfully
furnish a false or fraudulent statement to the Department is a crime. Complete all information below.
Sign
Signature
Name
Date
Here
Telephone (
)
-
Email
Title
Mail to: South Carolina Department of Revenue, Special Withholding Columbia, SC, 29214-0071
35651017

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