S 0878 General Bill, By Campsen and Knotts
Summary: Small Business Tax Credit Reform Act
    A BILL TO ENACT THE SMALL BUSINESS TAX CREDIT REFORM ACT BY AMENDING SECTION 12-6-3367 OF THE 1976 CODE, RELATING TO A MORATORIUM ON CORPORATE INCOME AND INSURANCE PREMIUM TAXES FOR CERTAIN COMPANIES INVESTING AND CREATING JOBS IN THE STATE, TO PROVIDE THAT A SOLE PROPRIETORSHIP, PARTNERSHIP, LIMITED LIABILITY COMPANY, LIMITED LIABILITY PARTNERSHIP, OR AN ASSOCIATION TAXABLE AS A BUSINESS ENTITY MAY ALSO CLAIM THE TAX CREDIT, AND BY AMENDING SECTION 12-6-3410, RELATING TO THE CORPORATE INCOME TAX CREDIT FOR CORPORATE HEADQUARTERS, TO PROVIDE THAT A SOLE PROPRIETORSHIP, PARTNERSHIP, LIMITED LIABILITY COMPANY, LIMITED LIABILITY PARTNERSHIP, OR AN ASSOCIATION TAXABLE AS A BUSINESS ENTITY MAY ALSO CLAIM THE TAX CREDIT.
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12/05/07	Senate	Prefiled
12/05/07	Senate	Referred to Committee on Finance
01/08/08	Senate	Introduced and read first time SJ-41
01/08/08	Senate	Referred to Committee on Finance SJ-41