Download This Version in Microsoft Word format
TO AMEND SECTION 12-6-3360, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE JOB DEVELOPMENT TAX CREDIT, SO AS TO INCLUDE AN APPRENTICESHIP AS AN ELIGIBLE "NEW JOB", TO DEFINE "APPRENTICE" FOR THAT PURPOSE, AND TO PROVIDE ELIGIBILITY STANDARDS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-3360(M)(3) of the 1976 Code, as last amended by Act 145 of 2005, is further amended by adding at the end a new undesignated paragraph:
"Notwithstanding another provision of law, 'new job' includes an apprenticeship created by a taxpayer when the taxpayer employs an apprentice as defined by the applicable state occupational or professional licensing board described in Title 40 or, if a state licensing board does not exist, as defined by The National Apprenticeship Act, 29 U.S.C. 50, and applicable regulations. The eligibility of the apprenticeship for the tax credit is not contingent on the amount of gross wages associated with it, except that the amount must be that amount required, if any, by the applicable state licensing board or the standards of apprenticeship as provided in 29 CFR 29.5. The apprenticeship also must meet the other standards established by the applicable state licensing board or as established in 29 CFR 29.5. The apprenticeship program must be certified to the department as eligible for the credit by the applicable state occupational or professional licensing board or the Office of Apprenticeship Training, Employer and Labor Services, U.S. Department of Labor, or its designee."
SECTION 2. This act takes effect July 1, 2007.
This web page was last updated on Monday, June 22, 2009 at 2:33 P.M.