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Get SC SC SCH. TC-38 2019

Inery and equipment for use in their residence may claim an Income Tax credit of 25% of the cost of purchase and installation of the machinery and equipment. The credit for geothermal machinery and equipment is repealed on January 1, 2022. For more information about the credit, see SC Code Section 12-6-3587 at dor.sc.gov/policy. The taxpayer may not claim the credit before installation is complete. The amount of the credit in any year may not exceed $3,500 for each facility or 50% of the taxpaye.

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