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2021 South Carolina Code of Laws
Title 41 - Labor and Employment
Chapter 44 - Palmetto Seed Capital Fund Limited Partnership
Section 41-44-50. Maximum amount of credits allowed.
Universal Citation: SC Code § 41-44-50 (2021)
[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated.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.
HISTORY: 1988 Act No. 643, Section 2, eff June 7, 1988.
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