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Current Status Bill Number:View additional legislative information at the LPITS web site.3348 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:20010125 Primary Sponsor:Robinson All Sponsors:Robinson, Barfield, Battle, Edge, Emory, M. Hines, Jennings, Keegan, Kelley, Kennedy, Miller, J.M. Neal, Rice, Snow, Trotter, Webb and Witherspoon Drafted Document Number:l:\council\bills\bbm\9815htc01.doc Companion Bill Number:420 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Jobs tax credit one tier higher for county not traversed by interstate highway; Businesses, Political Subdivisions History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ ------ 20010307 Companion Bill No. 420 House 20010125 Introduced, read first time, 30 HWM referred to Committee Versions of This Bill
TO AMEND SECTION 12-6-3360, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TARGETED JOBS TAX CREDIT, SO AS TO PROVIDE THAT QUALIFYING JOBS CREATED IN A COUNTY WHICH IS NOT TRAVERSED BY AN INTERSTATE HIGHWAY ARE ELIGIBLE FOR A CREDIT ONE TIER HIGHER THAN WOULD OTHERWISE APPLY AND TO PROVIDE AN EXCEPTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-3360(B)(5) of the 1976 Code is amended by adding an appropriately lettered item at the end to read:
"( ) For a job created in a county which is not traversed by an interstate highway, the credit allowed is one tier higher than the credit for which jobs created in the county would otherwise qualify, but this subitem does not apply to a job created in a county eligible for a higher tier under any other provision of this item (5)."
SECTION 2. This act takes effect upon approval by the Governor.
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