South Carolina Statutes
§ 41-44-50 — Maximum amount of credits allowed.
[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated.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.] The total amount of credits allowed under this chapter may not exceed in the aggregate five million dollars for all taxpayers and all taxable years, excluding any allowable tax credits of the Corporation. The credit must be allowed to taxpayers in the order of the time of the purchase of the qualified investments.
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South Carolina § 41-44-50 (Maximum amount of credits allowed.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 643, SECTION 2, eff June 7, 1988.
Nearby Sections
10
§ 41-44-10
Definitions.§ 41-44-100
Forms.§ 41-44-20
Taxpayer credit.§ 41-44-40
Credit carryover.§ 41-44-50
Maximum amount of credits allowed.§ 41-44-70
Tax exemptions.§ 41-44-80
Redemption of qualified investment.§ 41-44-90
Procedure to receive tax credit.