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1350 STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE SC SCH.TC-17
(Rev. 8/20/24)
RECYCLING PROPERTY TAX CREDIT 3367
dor.sc.gov 20
Name SSN or FEIN
1. Current year investment in recycling property of a qualified recycling facility .................... 1.
2. Current year credit (multiply line 1 by 30%).................................................................... 2.
3. Recycling property credit carried forward from prior tax years (attach schedule)............... 3.
4. Total recycling property credits eligible for use this year (add line 2 and line 3) ................ 4.
5. Net recycling property credits used in current year ......................................................... 5.
(Enter this amount on the appropriate tax credit schedule)
6. Carryforward to future years (subtract line 5 from line 4)................................................. 6.
INSTRUCTIONS
A taxpayer constructing or operating a qualified recycling facility is allowed a credit under SC Code Section 12-6-3460 for
30% of their investment in recycling property during the tax year.
Investment means the total cost of acquisition, construction, erection, and installation of all real and personal property,
whether owned or leased. Include all realty, improvements, leasehold improvements, buildings, machinery, and office
equipment, which is at any time incorporated into or associated with a qualified recycling facility.
Recycling property means all real and personal property, whether owned or leased. Include all realty, improvements,
leasehold improvements, buildings, machinery, and office equipment, incorporated into or associated with a qualified
recycling facility.
Qualified recycling facility means a facility certified as a qualified recycling facility by an authorized SCDOR
representative. This includes all real and personal property incorporated into or associated with the facility located, or to
be located, within South Carolina that will be used to manufacture products for sale that are composed of at least 50%
postconsumer waste material. The minimum level of investment for a qualified recycling facility must be at least $150
million incurred by the end of the fifth calendar year after the year the taxpayer begins construction or operation of the
facility.
Postconsumer waste material means any product generated by a business or consumer which has served its intended
end use and which has been separated from the solid waste stream for the purpose of recycling. Included is scrap metal
and iron, used plastics, paper, glass, batteries, solar panels, turbines and related structures, and rubber.
This credit may be used to reduce any Corporate Income Tax imposed by SC Code Section 12-6-530, Sales or Use Tax
imposed by South Carolina or any political subdivision of the state, or Corporate License Fees imposed by SC Code
Section 12-20-50 or any tax similar to these taxes. Any unused credit for a taxable year may be carried forward to
subsequent taxable years until the entire credit is used. If the recycling facility fails to meet the minimum investment within
the time required, the taxpayer must increase its tax liability for the current taxable year by an amount equal to the amount
of credit which was used to reduce any tax liability in earlier years.
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