Fillable Form Sc Sch.tc-43 - Residential Retrofit Credit (Page 2 of 2) in pdf

An individual taxpayer claiming the credit must maintain evidence that the fortification measures were implemented and costs

incurred, and must provide evidence when requested by the Department of Revenue to prove the taxpayer is entitled to the credit.

Acceptable forms of evidence include: (1) A written Certification (or Report that includes a Certification) from a licensed professional

with expertise in construction techniques, building design or property inspection, or appraisal (such as an architect, appraiser,

building inspector, or contractor) that the fortification measure has been implemented in accordance with applicable standards; or (2)

an Affidavit from the individual taxpayer certifying that the fortification measures have been implemented. Copies of the applicable

receipts must be included with the Certification, Report, or Affidavit.

For more information, go to , email scsafehome@doi.sc.gov, or call (803) 737-6180 or toll-free at (800) 768-3467

(only in South Carolina).

Line Instructions

PART I - Credit Computation for Residential Retrofit Expenses

1. Qualifying expenses include costs incurred by you to retrofit your legal residence in South Carolina to make it more resistant to

loss due to hurricane, rising floodwater, or other catastrophic windstorm event. Include only costs associated with fortification

measures that increase the residence’s resistance to hurricane, rising floodwater, or catastrophic windstorm event damage. Do

not include the cost of ordinary repair or replacement of existing items. Do not include the cost of items purchased with grant

funds from the South Carolina Hurricane Damage Mitigation Program unless those funds are included in your income.

2. The credit is limited to 25% of qualifying expenses.

4. The credit is limited to $1,000.

PART II - Credit Computation for Sales and Use Taxes

6. Enter the purchase price of tangible personal property included in qualifying expenses in line 1 above.

7. The credit for sales and use taxes is limited to 6% of the purchase price of qualifying tangible personal property.

9. The credit is limited to actual sales and/or use taxes paid.

11. The credit is limited to $1,500.

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-43 - Residential Retrofit Credit Page 2