Current Status Bill Number:
176Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19950110Primary Sponsor: RoseAll Sponsors: Rose, CoursonDrafted Document Number: JIC\5081HTC.95Residing Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Income tax credit for certain employers
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19950110 Introduced, read first time, 06 SF referred to Committee Senate 19941017 Prefiled, referred to Committee 06 SFView additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-7-1219 SO AS TO ALLOW A TAX CREDIT FOR EMPLOYERS WHO PROVIDE EMPLOYEES PAID MATERNITY LEAVE OR PAID LEAVE IN CONNECTION WITH AN EMPLOYEE'S ADOPTION OF A CHILD.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 10, Chapter 7, Title 12 of the 1976 Code is amended by adding:
"Section 12-7-1219. An employer who provides (1) paid maternity leave for an employee or (2) paid leave in connection with the employee's adoption of a child, and the leave provided is in addition to other types of paid leave provided by the employer, is allowed a credit against the tax imposed pursuant to this chapter, Chapters 11 and 13 of this title, and Chapter 7 of Title 38 in an amount equal to the compensation paid the employee while on leave. The credit allowed may not exceed one thousand dollars in connection with the leave provided any one employee in one year. The credit must be claimed against the tax liability for the taxable year in which the period of leave ended. Unused credit may be carried forward to the five succeeding taxable years. The department shall prescribe the appropriate forms and procedures to implement the credit allowed by this section."
SECTION 2. This act takes effect upon approval by the Governor and applies with respect to taxable years beginning after 1994.