South Carolina General Assembly
116th Session, 2005-2006

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H. 4727

STATUS INFORMATION

General Bill
Sponsors: Reps. Toole and Duncan
Document Path: l:\council\bills\bbm\9100htc06.doc

Introduced in the House on February 28, 2006
Currently residing in the House Committee on Ways and Means

Summary: Small business targeted job tax credit

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   2/28/2006  House   Introduced and read first time HJ-2
   2/28/2006  House   Referred to Committee on Ways and Means HJ-2
    3/7/2006  House   Member(s) request name added as sponsor: Duncan

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/28/2006

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

A BILL

TO AMEND ACT 157 OF 2005, RELATING TO MISCELLANEOUS TAX AND BUSINESS INCENTIVE MEASURES, SO AS TO ELIMINATE THE SMALL BUSINESS TARGETED JOBS TAX CREDIT FROM THE TAX CREDITS AND EXEMPTIONS SUNSETTED IN THE ACT.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 5(B) of Act 157 of 2005 is amended to read:

"(B)    Each tax incentive, including credits and exemptions, enacted by this act shall be repealed for tax years beginning after five years from the date of enactment, unless a different time frame is otherwise provided herein, but this repeal does not apply to the small business targeted jobs tax credit allowed pursuant to Section 12-6-3360(C)(2) of the 1976 Code as amended by this act."

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

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