1350                                     STATE OF SOUTH CAROLINA 
                                        DEPARTMENT OF REVENUE                      SC SCH.TC 11-R
                                        RECAPTURE OF CAPITAL                          (Rev. 8/5/19)
                                                                                                                                                   3349
 dor.sc.gov                                   INVESTMENT CREDIT
                                                                                      20
Name                                                                    SSN or FEIN

IMPORTANT:
                                                                         Properties
Use the 2010 version of this form for recapture 
of credit for qualifying investments made in an           A      B       C                                                                       D     E 
Economic Impact Zone before January 1, 2011.                                                                                                           15-year 
                                                          3-year 5-year  7-year     10-year                                                            or greater
(see instructions)
1.  Date property was placed in service 
 
2.  Date of disposal or removal from SC 
 
3.  Cost or other basis 
 
4.  Applicable percentage                                 0.5%   1%      1.5%         2%                                                               2.5%
 
5.  Amount of credit claimed (multiply line 4 by line 3)  
 
6.  Number of full months between the date on 
     line 1 and the date on line 2 
 
7.  Recapture percentage (from worksheet below) 
 
8.  Tentative recapture tax (multiply line 7 by line 5) 
 
9.  Total recapture tax (add line 8 of columns A  
     through E). Increase your Income Tax by this amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

                                        Recapture percentage worksheet 
                                        Total months for each class life

          Property        3 Year        5 Year            7 Year 10 Year 15 Year or greater 
                                                                                    
          Months                   36   60                 84      120             180

1.   Class life of property subject to recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
 
2.   Total months from above table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
 
3.   Number of months from line 6 of the TC-11-R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
 
4.   Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
 
5.   Recapture percentage - (divide line 4 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

     33491028

                                            INSTRUCTIONS

Use this form to recapture credit for qualifying investments placed in service on or after January 1, 2011. If you dispose of 
or remove qualified manufacturing and productive equipment property from the state during any tax year before the end of 
the applicable recovery period for the property under IRC Section 168(e), you must increase your Income Tax due for the 
current tax year by the amount of any credit claimed in prior years with respect to that property. Calculate the increase in 
Income Tax by assuming the credit is earned equally over the useful life of the property and recapturing the unearned 
portion of the credit.   
 
Use the 2010 version of this form to recapture credit for qualifying investments made in an Economic Impact 
Zone  before  January  1,  2011.  Download  forms  at  dor.sc.gov/forms.  To  recapture  credit  for  qualifying  investments 
made before and after January 1, 2011, use both versions of this form. 
 
When  claiming  the  original  credit,  you  must  reduce  the  basis  of  qualified  manufacturing  and  productive  equipment 
property by the amount of credit claimed with respect to that property. If you are required to recapture the credit, you may 
increase the basis of the property by the amount of basis reduction attributed to credit claimed in prior years. The basis 
increase occurs in the year of recapture.   
 
When filing your Income Tax return, indicate on the tax line "Includes recapture tax - SCH TC-11R". If filing by paper, 
include this form with your 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.