South Carolina Code 12-6-3632. Earned income tax credit
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-6-3632
- individual: means a human being. See South Carolina Code 12-2-20
- 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
There is allowed as a nonrefundable credit against the tax imposed pursuant to § 12-6-510 on a full-year resident individual taxpayer an amount equal to one hundred twenty-five percent of the federal earned income tax credit (EITC) allowed the taxpayer pursuant to Internal Revenue Code Section 32.