South Carolina Quality Forum participants; tax credits for registration fee and participation in organizational performance excellence assessment process; limitation
Known as the South Carolina Income Tax Act
The act spans §§ 12–12 (157 sections).
2005 Act No. 161, SECTION 39.A, eff June 9, 2005.
(A) Taxpayers that pay an annual fee to the South Carolina Quality Forum to participate in quality programs are allowed a tax credit equal to the annual registration fee.
(B) Taxpayers also are allowed a tax credit equal to fifty percent of any fees charged to participate in the organizational performance excellence assessment process.
(C) Credits earned are limited to the amount of tax liability on the return and are not refundable.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.