[This section is repealed upon certification that remaining investments of private sector limited partners have been liquidated.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.]
A taxpayer is entitled to a credit for qualified investments in the Palmetto Seed Capital Corporation or the Palmetto Seed Capital Fund Limited Partnership as determined under Section 12-6-3430.
HISTORY: 1988 Act No. 643, Section 2, eff June 7, 1988; 1995 Act No. 76, Section 18, eff for taxable years beginning after 1995.
Effect of Amendment
The 1995 amendment rewrote this section.
Structure South Carolina Code of Laws
Title 41 - Labor and Employment
Chapter 44 - Palmetto Seed Capital Fund Limited Partnership
Section 41-44-10. Definitions.
Section 41-44-20. Taxpayer credit.
Section 41-44-40. Credit carryover.
Section 41-44-50. Maximum amount of credits allowed.
Section 41-44-60. Palmetto Seed Capital Corporation established.
Section 41-44-70. Tax exemptions.
Section 41-44-80. Redemption of qualified investment.