South Carolina H3464 provides an income tax credit for small businesses purchasing a generator.

South Carolina H3464, the "Small Business Emergency Preparedness Income Tax Credit Act," allows a tax credit for small businesses that buy a generator for their operations. The credit equals 100% of the generator's cost, up to $10,000. A small business, for this purpose, is defined as a company with 25 or fewer employees selling items like unprepared food, prepared food, home improvement supplies, prescription drugs, medical supplies, gas, diesel, or propane. Any unused credit can be carried forward for up to three years.

South Carolina H3464 provides an income tax credit for small businesses purchasing a generator.

South Carolina H3464, the "Small Business Emergency Preparedness Income Tax Credit Act," allows a tax credit for small businesses that buy a generator for their operations. The credit equals 100% of the generator's cost, up to $10,000. A small business, for this purpose, is defined as a company with 25 or fewer employees selling items like unprepared food, prepared food, home improvement supplies, prescription drugs, medical supplies, gas, diesel, or propane. Any unused credit can be carried forward for up to three years.