South Carolina General Assembly
113th Session, 1999-2000

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Bill 1046


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                      1046
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20000119
Primary Sponsor:                  Leatherman
All Sponsors:                     Leatherman
Drafted Document Number:          l:\council\bills\bbm\9154htc00.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Job tax credit, new job term includes 
                                  leased employees for eligibility; Taxation, 
                                  Income tax, Businesses, Corporations


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20000119  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

View additional legislative information at the LPITS web site.


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-6-3360, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TARGETED JOBS STATE INCOME TAX CREDIT, SO AS TO INCLUDE LEASED EMPLOYEES AMONG THOSE EMPLOYEES WHO MAY COUNT TOWARD "NEW JOBS" FOR PURPOSES OF DETERMINING ELIGIBILITY FOR THE CREDIT.

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 93 of 1999, is further amended by adding at the end:

"For the purpose of determining eligibility with respect to new jobs, there are included employees of a contractor or subcontractor or 'leased employee' if such employees are permanently assigned to a facility and otherwise meet the requirements for employees under this section. Leased employees may not result in a credit under this section to more than one taxpayer."

SECTION 2. This act takes effect upon approval by the Governor.

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