SC SCH TC 5: Scenic Rivers Credit (Revision 2019-07)
South Carolina · South Carolina DOR · Used for tax years 2024, 2025, 2026
South Carolina Schedule TC-5 is used to claim the Scenic Rivers Tax Credit for donations of a perpetual easement or land in fee simple. It reports the property's location, donation date and value, and credit amounts taken by tax year.
Who files this form
This form is for landowners claiming the South Carolina Scenic Rivers Tax Credit. The form describes eligibility for:
- A landowner who donates a perpetual easement to South Carolina under the Scenic Rivers Program, Title 49, Chapter 29.
- A donor who gives land in fee simple.
If you file a paper Income Tax return, attach this form. If you file electronically, keep a copy with your tax records.
What you'll need
Have the following information ready to complete the form:
- Your name and SSN or FEIN. Individual taxpayers must provide their Social Security Number.
- The tax year, donation date in MM-DD-YYYY format, and property location.
- For an easement donation, the land's fair market value before and after the donation.
- For a fee-simple donation, the value of the donation.
- The company or individual that assessed the fair market values.
- The years and amounts of credits taken.
The value of the fee or easement must be assessed at the time of the donation.
How to file
- Paper filing: Attach SC SCH.TC-5 to your Income Tax return.
- Electronic filing: Keep a copy of SC SCH.TC-5 with your tax records.
The form does not provide a mailing address.
Common mistakes
- Listing total credits above the donation total. The form says total credits should not exceed the donation total.
- Using a valuation from the wrong time. The fee or easement must be assessed at the time of the donation.
- Leaving out an individual's Social Security Number. Providing it is mandatory for individual taxpayers.
- Missing the filing reminder. Attach the form to a paper Income Tax return, or keep a copy with your tax records when filing electronically.
Questions people ask
How is the credit for an easement donation calculated?
The credit equals the easement's fair market value. Subtract the property's fair market value after the easement from its fair market value before the easement.
How much is the credit for a fee-simple donation?
The state Income Tax credit equals the value of the fee donated.
Can the donation amount be spread over several years?
Yes. For either type of donation, the form says the donor may take the deduction in any one year within the five-year period following the donation, or in proportionate amounts during that five-year period.
Does a permanent easement affect Property Taxes?
Yes. The form states that land subject to a permanent easement becomes exempt from all Property Taxes.