South Carolina Code 41-44-90. Procedure to receive tax credit
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[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated. See Editor’s Note at the beginning of this Chapter.]
To receive the credit provided by this chapter, a taxpayer shall:
Terms Used In South Carolina Code 41-44-90
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) claim the credit on the taxpayer’s annual state income or premium tax return in the manner prescribed by the appropriate commission; and
(2) file with the appropriate commission and with the taxpayer’s annual state income or premium tax return a copy of the form issued by the corporation as to the qualified investment by the taxpayer, which includes an undertaking by the taxpayer to report to the appropriate commission any redemption of the qualified investment within the meaning of § 41-44-80.