South Carolina DOR Releases Form I-385, 2022 Motor Fuel Income Tax Credit

The South Carolina Department of Revenue Oct. 19, 2022 released Form I-385, 2022 Motor Fuel Income Tax Credit. The individual income, corporate income, and excise tax form is for resident taxpayers who are eligible for the tax credit. The form provides a chart to determine eligibility for the tax credit. Each taxpayer can claim the credit for a maximum of two vehicles. The form includes fields to provide vehicle information, details of preventative maintenance costs incurred in the state, details of an increase in the state motor fuel user fee, and computation of the motor fuel income tax credit. The ...