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South Carolina Annual Report of Electric Cooperative Corporation Property and Gross Receipts
Extracted from PDF file 2023-south-carolina-form-cl-4.pdf, last modified June 2022Annual Report of Electric Cooperative Corporation Property and Gross Receipts
1350 STATE OF SOUTH CAROLINA CL-4 ANNUAL REPORT OF ELECTRIC COOPERATIVE CORPORATION PROPERTY AND GROSS RECEIPTS dor.sc.gov (Rev. 6/7/22) 3135 Due by the 15th day of the fourth month following the close of the taxable year. Return for period ending - - License Fee period ending - - FEIN Name Mailing address City State ZIP Change of Address Initial Return Final Amended Check if you filed a federal or state extension PART I COMPUTATION OF LICENSE FEE - ELECTRIC COOPERATIVES 1. Fair market value of property owned and used to conduct business in SC as determined by the 00 SCDOR for Property Tax purposes for the preceding tax year ....................................................... 1. $ 00 2. License Fee: fair market value component (multiply line 1 by .001)................................................. 2. (A) Total System (B) In South Carolina Operating revenues (list below): $ 3. Total operating revenues .................................................................. 3. Other receipts (list below): 4. 5. 6. 7. 8. 9. 10. 11. 00 00 00 00 00 3. 00 00 00 00 00 00 00 00 00 00 4. 00 5. 00 00 00 00 00 00 00 00 00 00 00 00 Total other receipts.......................................................................... 4. Total gross receipts (add line 3 and line 4) ........................................... 5. License Fee: gross receipts component (multiply line 5, column B by .003) .............................. Total License Fee (add line 2 and line 6, cannot be less than $25) ......................................... Section 12-20-105 Credit (see Part II and instructions)......................................................... Balance of License Fee (subtract line 8 from line 7, cannot be less than zero) .......................... Interest Penalty 00 00 .................... Total License Fee, Interest, and Penalty (add line 9 and line 10)..................... BALANCE DUE PART II INFRASTRUCTURE CREDIT INFORMATION Unused Infrastructure Credit Carried Forward from Last Year $ 6. 7. 8. 9. 10. 11. Infrastructure Credit Earned This Year $ Infrastructure Credit Taken This Year $ Infrastructure Credit Carried Forward for One Year Only $ Describe the types of infrastructure provided by the taxpayer to eligible projects. Types of infrastructure are listed in SC Code Section 12-20-105(C). Eligible projects are described in SC Code Section 12-20-105(B). 31351034 CL-4 PART III Page 2 ANNUAL REPORT TO BE COMPLETED BY ALL ELECTRIC COOPERATIVES 1. Name 2. Organized under the laws of the state of 3. Location of the registered office of the Cooperative in South Carolina In the city of Registered agent at this address 4. Principal office address 5. Total number of authorized shares of capital stock, itemized by class and series, if any, within each class: Number of shares Class Series 6. Total number of issued and outstanding shares of capital stock itemized by class and series, if any, within each class: Number of shares Class Series 7. Names and business addresses of the directors (or individuals functioning as directors) and principal officers in the Cooperative: Attach separate schedules if you need more space. Name Title Business address 8. 9. 10. 11. 12. Date organized Date commenced business in South Carolina Date of this report FEIN If foreign entity, the date qualified to do business in South Carolina Was the name of the Cooperative changed during the year? Previous name The Cooperative's books are in the care of Located at (street address) Under penalty of law, I certify that I have examined this return, including accompanying annual report, statements, and schedules, and it is true and complete to the best of my knowledge. Sign Here Signature of officer Officer's title Print officer's name Date I authorize the Director of the SCDOR or delegate to discuss this return, attachments, and related tax matters with the preparer. Yes Paid Preparer's Date Preparer's signature Firm's name (or Email Phone number Preparer's printed name No Check if self-employed Preparer's phone number PTIN or FEIN Use Only yours if self-employed) ZIP and address If this is an Electric Cooperative's final return, signing here authorizes the SCDOR to disclose that information with the South Carolina Secretary of State (SCSOS). You must close with the SCSOS and the SCDOR. Signature Date Attach a complete copy of your federal return. Have a balance due? Pay online! It's quick and easy! Use our free online tax portal, MyDORWAY, at dor.sc.gov/pay. Select Business Income Tax Payment to get started. If you pay by check, make your check payable to SCDOR and include your name, FEIN, tax year, and CL-4 in the memo. Mail Balance Due returns to: SCDOR Corporate Taxable PO Box 100151 Columbia, SC 29202 31352032 Mail Refund or Zero Tax returns to: SCDOR Corporate Refund PO Box 125 Columbia, SC 29214-0032 INSTRUCTIONS Electric Cooperatives are subject to an annual License Fee according to SC Code Section 12-20-100. The License Fee equals 0.1% (rounded up) of the fair market value of property owned and used in South Carolina to conduct business, as determined by the SCDOR for the prior year's Property Tax. Distribution Electric Cooperatives must add 0.3% (rounded up) of gross receipts from services rendered from regulated business in South Carolina during the prior tax year. The minimum License Fee is $25. Line 1: The fair market value of property owned and used in the conduct of business in South Carolina is the tax assessment value divided by 10.5%. This amount is shown on the PT-422, South Carolina Property Tax Proposed Assessment. Line 5: Gross receipts, as used in SC Code Section 12-20-100, include all receipts from operations in South Carolina, and other profit and loss items located in South Carolina. Income from intangibles used to conduct business in South Carolina is also included in gross receipts. For more information, see SC Regulation 117-1075.1, available at dor.sc.gov/ policy. Line 8: If the company paid cash to provide infrastructure for a qualifying project, enter the amount of credit applied on line 8 and complete Part II. Attach a schedule to the return that includes the following: • the name of the person completing the project • a description of the project • the county where the project is located • the sections of the statute the project qualifies under • the amounts paid in cash • recipient and date of payment • a description of the infrastructure provided • the date the infrastructure was completed or is expected to be completed If the infrastructure has not been completed as of the date the return is filed, include a waiver of the statute of limitations. Beginning with the 2022 tax year, the maximum credit for a single tax year may not exceed $600,000. If the total credit claimed is for a project located in a Tier II, Tier III, or Tier IV county, the maximum aggregate credit amount is increased by $50,000 for Tier II Counties, $100,000 for Tier III Counties, and $150,000 for Tier IV Counties. Find Information Letters with the annual county rankings at dor.sc.gov/policy. If the credit is more than the tax liability, the excess may be carried forward and deducted in the following tax year. For more information on Infrastructure Credits, see SC Code Section 12-20-105 and SC Revenue Ruling #18-8, available at dor.sc.gov/policy. Line 10: See the SC1120 Instructions for information on calculating interest and penalties. Forms are available at dor.sc. gov/forms. A Penalty and Interest Calculator is available on our free online tax portal, MyDORWAY, at dor.sc.gov/ calculator.
Form CL-4
More about the South Carolina Form CL-4 Corporate Income Tax TY 2023
We last updated the Annual Report of Electric Cooperative Corporation Property and Gross Receipts in February 2024, so this is the latest version of Form CL-4, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CL-4 directly from TaxFormFinder. You can print other South Carolina tax forms here.
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TaxFormFinder has an additional 68 South Carolina income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form WH-1612 | Transmittal Form for W2s or 1099s Submitted by CD-ROM or Paper |
| Form CL-1 | Initial Annual Report of Corporations |
| Form I-349 | Schedule for Business Closure or Organizational Change |
| Form SC1120I | Information and Instructions for C and S Corporation Tax Returns |
| Form I-309 | Nonresident Shareholder or Partner Affidavit and Agreement Income Tax Withholding |
View all 69 South Carolina Income Tax Forms
Form Sources:
South Carolina usually releases forms for the current tax year between January and April. We last updated South Carolina Form CL-4 from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of South Carolina Form CL-4
We have a total of thirteen past-year versions of Form CL-4 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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