Current Status Introducing Body:Senate Bill Number:870 Primary Sponsor:Martschink Committee Number:06 Type of Legislation:GB Subject:Jobs tax credit, agricultural-related Residing Body:Senate Current Committee:Finance Companion Bill Number:3779 Computer Document Number:CYY/18459.SD Introduced Date:Apr 10, 1991 Last History Body:Senate Last History Date:Apr 10, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Martschink Waddell Passailaigue Fielding Hinds McGill Type of Legislation:General Bill
Bill Body Date Action Description CMN
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870 Senate Apr 10, 1991 Introduced, read first time, 06
referred to Committee
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TO AMEND SECTION 12-7-1220, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE JOBS TAX CREDIT, SO AS TO REVISE THE DEFINITION OF A PROCESSING FACILITY TO INCLUDE THOSE ESTABLISHMENTS ENGAGED IN AGRICULTURAL-RELATED SERVICES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-7-1220(H)(5) of the 1976 Code is amended to read:
"(5) `Processing facility' means an establishment engaged in services such as manufacturing-related, agricultural-related, computer-related, communications-related, energy-related, or transportation-related services, but the term `processing facility' does not include an establishment where retail merchandise or retail services are sold directly to retail customers."
SECTION 2. The provisions of Section 12-7-1220(H)(5) of the 1976 Code, as amended by the provisions of Section 1 of this act, are effective for tax years beginning after December 31, 1990.
SECTION 3. This act takes effect upon approval by the Governor.