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1350 STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE SC SCH.TC-20
CREDIT FOR EXPENSES INCURRED (Rev. 7/22/19)
3376
dor.sc.gov THROUGH BROWNFIELDS VOLUNTARY
CLEANUP PROGRAM 20
Name SSN or FEIN
Total eligible cleanup expenses paid or accrued by all taxpayers (for single site)................ $
PART I - Computation of Tax Credit
1. Amount of eligible cleanup expenses paid or accrued by the taxpayer during the
current taxable year for Brownfields Voluntary Cleanup Program ........................... $
2. Multiply amount on line 1 by 50% ...................................................... $
3. Enter amount of carryover of prior years unused Brownfields credit (attach schedule)......... $
4. Add lines 2 and 3 .................................................................... $
5. Enter lesser of line 4 or $50,000. (See instructions regarding multiple taxpayers)
Enter this amount on appropriate tax credit schedule...................................... $
6. Subtract line 5 from line 4. This is your carryover credit available in future years..............$
PART II - Computation of Tax Credit for Final Year of Cleanup only
1. Amount of expenses paid or accrued or contributions to cleanup throughout project
for Brownfields Voluntary Cleanup Program ............................................. $
2. Multiply line 1 by 10%................................................................. $
3. Enter lesser of line 2 or $50,000........................................................ $
PART III - Total Tax Credit for Final Year Only
Add Part I, line 5 and Part II, line 3. Enter this amount on appropriate tax credit schedule ........ $
Instructions
SC Code Section 12-6-3550 provides a corporate or individual Income Tax credit for costs of voluntary cleanup activity by
a nonresponsible party under the Brownfields Voluntary Cleanup Program (Title 44, Chapter 56, Article 7). The credit is
limited to 50% of expenses paid or accrued or contributions made for cleanup of a single site during the taxable year. The
taxpayer may use no more than $50,000 of the credit in any taxable year. Any unused credit up to $100,000 may be
carried forward five years. Multiple taxpayers working jointly to clean up a single site are allowed the credit in the same
proportion as their contribution to payment of cleanup costs.
The credit may be claimed against Individual Income Tax only for contracts entered into on or after June 11, 2008.
If filing by paper, attach this to your Income Tax return. Also attach a copy of the tax credit certificate from the South
Carolina Department of Health and Environmental Control (SCDHEC). In the final year of cleanup as evidenced by
SCDHEC, attach a copy of the certificate of completion for the site issued by SCDHEC. If filing electronically, keep a copy
of this schedule and the SCDHEC certificates with your tax records.
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