Schedule TC 63-R Recapture of South Carolina Housing Tax Credit - South Carolina

What Is Schedule TC 63-R?

This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is TC 63-R?
A: TC 63-R refers to the recapture of South Carolina Housing Tax Credit.

Q: What is the purpose of TC 63-R?
A: The purpose of TC 63-R is to recapture the South Carolina Housing Tax Credit.

Q: What does the South Carolina Housing Tax Credit refer to?
A: The South Carolina Housing Tax Credit refers to a tax credit for housing in South Carolina.

Q: What does the term 'recapture' mean in this context?
A: In this context, 'recapture' means reclaiming or taking back the tax credit.

Q: Who is responsible for the recapture of the South Carolina Housing Tax Credit?
A: The responsibility for the recapture of the South Carolina Housing Tax Credit lies with the relevant authorities in South Carolina.

Q: What is the schedule of TC 63-R?
A: The schedule of TC 63-R outlines the specific dates and deadlines for the recapture process.

Q: Is TC 63-R applicable in any other state?
A: No, TC 63-R is specific to the state of South Carolina.

Q: What happens if the South Carolina Housing Tax Credit is recaptured?
A: If the South Carolina Housing Tax Credit is recaptured, the taxpayer may be required to pay back the credit or face other penalties.