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40 chapters · 702 sections in this title.
S.C. Code Ann. § 11-44-10 Short title
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This chapter may be cited as the "High Growth Small Business Job Creation Act of 2013".
S.C. Code Ann. § 11-44-20 Legislative intent
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The General Assembly desires to support the economic development goals of this State by improving the availability of early stage capital for emerging high-growth enterprises in South Carolina. To further these goals, this chapter is intended to: (1) encourage individual angel in…
S.C. Code Ann. § 11-44-30 Definitions
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For purposes of this chapter: (1) "Angel investor" means an accredited investor as defined by the United States Securities and Exchange Commission, who is: (a) an individual person who is a resident of this State or a nonresident who is subject to taxes imposed by Chapter 6, Titl…
S.C. Code Ann. § 11-44-40 Nonrefundable income tax credit for qualified investments
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(A) An angel investor is entitled to a nonrefundable income tax credit of thirty-five percent of its qualified investment made pursuant to this chapter. (B) Fifty percent of the allowed credit may be applied to the angel investor's net income tax liability in the tax year during …
