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H. 5577
STATUS INFORMATION
Joint Resolution
Sponsors: Reps. King, Brawley, Ott and Henegan
Document Path: l:\council\bills\nbd\11008sa20.docx
Introduced in the House on September 15, 2020
Currently residing in the House Committee on Ways and Means
Summary: COVID-19
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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9/15/2020 House Introduced and read first time (House Journal-page 120)
9/15/2020 House Referred to Committee on Ways and Means
(House Journal-page 129)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO PROVIDE AN INCOME TAX CREDIT FOR CERTAIN EMPLOYERS WHO ALLOW AN EMPLOYEE PAID LEAVE WHILE THAT EMPLOYEE IS UNDER QUARANTINE DUE TO COVID-19.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) For income tax years 2020 and 2021 there is allowed an income tax credit for an employer who allows an employee paid leave while that employee is under quarantine due to COVID-19. The amount of the credit is equal to twenty-five percent of the salary or wages the employer pays the employee during the leave period.
(B) If the credit exceeds the taxpayer's tax liability for the taxable year, the excess amount may be carried forward for credit against income taxes in the next five succeeding taxable years.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
This web page was last updated on
September 17, 2020 at 3:14 PM