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1350 STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE SC SCH.TC-17
(Rev. 8/22/19)
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 carry-over from previous 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 against Tax. . 5.
(Enter this amount on the appropriate tax credit schedule)
6. Carry-forward 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 is 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 is 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 is 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 $300 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 is 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, and rubber.
This credit may be used to reduce any Corporate Income Tax imposed by 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 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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