On November 4, the South Carolina revenue agency announced that a biomass energy equipment tax credit can now be applied to an individual’s income taxes. The tax credit is for the purchase and installation of equipment, using a fuel with at least 90 percent of a qualifying biomass resource, deployed in creating energy for commercial consumption. A 25 percent credit for qualifying costs, not exceeding $650,000 per year, is applied against an entity's income tax or license fees. Now, a limited liability company taking the credit could pass through the credit to its shareholders, provided there are at least four and they are all South Carolina residents, of an S Corporation owning 60 percent of the parent LLC.