Current Status Bill Number:
4409Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19980114Primary Sponsor: LittlejohnAll Sponsors: Littlejohn, F. Smith, Seithel, Hawkins, Davenport, Allison, D. Smith, Lee, Hamilton, Vaughn, Walker, Fleming, McCraw, Phillips, Wilder and PinckneyDrafted Document Number: dka\4710mm.98Residing Body: HouseCurrent Committee: Ways and Means Committee 30 HWMSubject: Jobs tax credit, ranking of portion of Cherokee, Spartanburg counties as least developed; Taxation, Income tax
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19980114 Introduced, read first time, 30 HWM referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTIONS 12-6-3360 AND 12-10-40, BOTH AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, BOTH RELATING TO THE RANKING AND DESIGNATION OF A COUNTY ACCORDING TO THE EXTENT OF ITS DEVELOPMENT, SO AS TO RANK AND DESIGNATE THOSE PORTIONS OF CHEROKEE AND SPARTANBURG COUNTIES WHICH ARE LOCATED IN SOUTH CAROLINA HOUSE OF REPRESENTATIVES DISTRICT 33 AS "LEAST DEVELOPED" COUNTIES FOR PURPOSES OF DETERMINING BENEFITS AVAILABLE TO BUSINESSES LOCATING THERE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-3360(B) of the 1976 Code, as last amended by Act 462 of 1996, is further amended by adding:
"(6) Those portions of Cherokee and Spartanburg counties which are located in South Carolina House of Representatives District 33 are designated 'least developed' counties and ranked in the first tier pursuant to item (1) of this subsection."
SECTION 2. Section 12-10-40 of the 1976 Code, as last amended by Act 462 of 1996, is further amended to read:
"Section 12-10-40. (A) The amount of benefits available to qualified businesses is determined by the county designation as defined in Section 12-6-3360(B), in which the business is located.
(B) Those portions of Cherokee and Spartanburg counties which are located in South Carolina House of Representatives District 33 are designated 'least developed' counties and ranked in the first tier as defined in Section 12-6-3360(B)."
SECTION 3. This act is effective for tax years beginning after 1998.