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Indicates Matter Stricken
Indicates New Matter
S. 587
STATUS INFORMATION
General Bill
Sponsors: Senators Young, Setzler and Massey
Document Path: l:\s-res\try\023job .kmm.try.docx
Introduced in the Senate on February 28, 2019
Currently residing in the Senate Committee on Finance
Summary: Job development credits
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/28/2019 Senate Introduced and read first time (Senate Journal-page 6) 2/28/2019 Senate Referred to Committee on Finance (Senate Journal-page 6)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-10-80(C)(3) OF THE 1976 CODE, RELATING TO QUALIFIED EXPENDITURES FOR JOB DEVELOPMENT CREDITS, TO PROVIDE THAT SECURITY CLEARANCE COSTS ARE QUALIFIED EXPENDITURES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-10-80(C)(3) of the 1976 Code is amended by adding:
"(k) security clearance costs, to include costs incurred by a qualifying business for:
(i) processing application requests for clearances for employees in the State;
(ii) maintaining, upgrading, or installing computer systems in the State required to obtain federal security clearances;
(iii) training employees in the State to administer the application process; and
(iv) acquiring, constructing, or equipping a sensitive compartmented information facility located in the State and constructed in accordance with the guidance established by the Office of the Director of National Intelligence as required by the federal government."
SECTION 2. This act takes effect upon approval by the Governor.
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March 1, 2019 at 1:50 PM