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Get Sc Sc Sch. Tc-38 2016

By the taxpayer. The taxpayer may not claim the credit before installation is complete. The amount of the credit in any year may not exceed $3,500 for each facility or 50% of the taxpayer's tax liability for that tax year, whichever is less. If the amount of the credit exceeds $3,500 for each facility, the taxpayer may carry forward the excess for up to 10 years. Beginning January 1, 2016 Code Section 12-6-3587 provides an individual tax credit of 25% of the costs incurred by a taxpayer for use.

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