Except for jobs created in distressed counties, the maximum aggregate credit that may be claimed in a single year under this credit and the jobs tax credit (SC SCH. TC 4) is $5,500 for each employee.

The credit exists only for the first three consecutive years of employment of qualified employees.

This credit is limited to:

1. twenty (20%) percent of wages for each full month of the first twelve months of employment;
2. fifteen (15%) percent of wages for each full month of the second twelve months of employment; and
3. ten (10%) percent of wages for each full month of the third twelve months of employment.

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