(A) A taxpayer eligible, pursuant to § 12-6-3360(C)(2), for the jobs tax credits allowed pursuant to § 12-6-3360 may elect to claim the applicable credit in the manner provided pursuant to subsection (B) of this section rather than as provided in § 12-6-3360(C)(2).

(B) Beginning with the year the new full-time jobs are created, the taxpayer is allowed a jobs tax credit in an amount equal to the credit amount calculated pursuant to § 12-6-3360(C)(2) for not more than five consecutive years. A credit is not allowed for a year in which the new full-time job increase falls below the minimum level of two.

Terms Used In South Carolina Code 12-6-3362

  • Taxpayer: includes an individual, trust, estate, partnership, association, company, corporation, or any other entity subject to the tax imposed by this chapter or required to file a return. See South Carolina Code 12-6-30

(C) Except where altered by subsection (B) of this section, the provisions of § 12-6-3360 are incorporated into this section.

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