Form I-385 Motor Fuel Income Tax Credit - South Carolina

What Is Form I-385?

This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form I-385?
A: Form I-385 is a tax form used to claim the motor fuel income tax credit in South Carolina.

Q: What is the motor fuel income tax credit?
A: The motor fuel income tax credit is a credit that can be claimed by taxpayers in South Carolina who purchase qualifying motor fuel.

Q: Who is eligible for the motor fuel income tax credit?
A: Any individual, business, or organization that purchases qualifying motor fuel in South Carolina may be eligible to claim the tax credit.

Q: What types of motor fuel qualify for the tax credit?
A: Gasoline, diesel fuel, and blended biodiesel fuel are among the types of motor fuel that may qualify for the tax credit.

Q: How do I claim the motor fuel income tax credit?
A: To claim the tax credit, you must complete and submit Form I-385 to the South Carolina Department of Revenue.

Q: Are there any limitations or restrictions on the tax credit?
A: Yes, there are limitations on the amount of the credit that can be claimed, as well as restrictions on the types of motor fuel that qualify.

Q: When is the deadline to file Form I-385?
A: The deadline for filing Form I-385 is typically April 15th of the year following the tax year for which the credit is being claimed.