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Current Status Bill Number:View additional legislative information at the LPITS web site.420 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20010307 Primary Sponsor:Martin All Sponsors:Martin and Alexander Drafted Document Number:l:\council\bills\bbm\9992htc01.doc Companion Bill Number:3348 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Jobs tax credit, qualifying jobs created in county not traversed interstate highway eligible for credit one tier higher History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ ------ 20010307 Companion Bill No. 3348 Senate 20010307 Introduced, read first time, 06 SF 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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