1350            STATE OF SOUTH CAROLINA                                                                                     SC SCH.TC-2
                     DEPARTMENT OF REVENUE
                     CREDIT FOR STATE CONTRACTORS SUBCONTRACTING                                                                  (Rev. 7/18/19) 
                     WITH SOCIALLY AND ECONOMICALLY DISADVANTAGED                                                                   3115
 dor.sc.gov          SMALL BUSINESS (Formerly the Minority Business Credit)
                                                                                                                                  20
Name                                                                                                            SSN or FEIN

                     A. Subcontractor information                                                               B. Payment date   C. Amount paid 
                                                                                                                (MM-DD-YYYY)        on contract
Name of subcontractor

Street address

City                                                                State                                    ZIP

Name of subcontractor

Street address

City                                                                State                                    ZIP

Name of subcontractor

Street address

City                                                                State                                    ZIP

Name of subcontractor

Street address

City                                                                State                                    ZIP

Name of subcontractor

Street address

City                                                                State                                    ZIP

Name of subcontractor

Street address

City                                                                State                                    ZIP

1. Total qualifying payments (add amounts in column C) ......................................  $
 
2. Multiply line 1 by 4% ............................................................... ....  $
 
3. Tax credit (enter the lesser of line 2 or $50,000). Include on the appropriate tax schedule .......                           $

     31151020

                                       INSTRUCTIONS 
A  taxpayer  who  has  a  contract  with  the  state  of  South  Carolina  and  subcontracts  with  a  socially  and  economically 
disadvantaged  small  business  may  claim  an  Income  Tax  credit  of  4%  of  the  payments  to  that  subcontractor  for  work 
related to the contract. The subcontractor must be certified as a socially and economically disadvantaged small business 
as defined in SC Code Section 11-35-5010 and associated regulations. Review the code section at dor.sc.gov/policy. 
 
The  credit  used  may  not  exceed  $50,000  in  a  single  year.  The  credit  may  be  claimed  for  10  consecutive  tax  years 
beginning with the tax year in which the first payment is made to a qualifying subcontractor. After 10 consecutive taxable 
years, the taxpayer is no longer eligible for the credit. 
 
A taxpayer claiming the credit must maintain evidence of work performed for the contract by the subcontractor. 

If filing a paper return, attach to your Income Tax Return.  If filing electronically, keep a copy with your tax records.

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  SCDOR  must  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 SCDOR is limited to the information 
necessary for the SCDOR to fulfill its statutory duties. In most instances, once this information is collected by the SCDOR, 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.