H 3676 General Bill, By Herbkersman and Erickson
Summary: Corporate income tax credit
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3588 SO AS TO PROVIDE FOR A CREDIT AGAINST CERTAIN TAX LIABILITY OF A TAXPAYER FOR COSTS INCURRED FOR NEW CONSTRUCTION, RENOVATION, OR OTHER BUILDING PROJECT THAT MEETS CERTAIN GREEN GLOBES OR LEED STANDARDS FOR ENERGY EFFICIENCY AND TO DEFINE TERMS; TO AMEND SECTION 12-6-3360, AS AMENDED, RELATING TO THE JOBS TAX CREDIT, SO AS TO INCLUDE A KNOWLEDGE-INTENSIVE BUSINESS AS A QUALIFYING FACILITY, DEFINE "KNOWLEDGE-INTENSIVE BUSINESS", AND PROVIDE FOR THE DESIGNATION OF COUNTY RANKINGS BY USING THE UNEMPLOYMENT RATE AND EITHER THE PER CAPITA INCOME OR THE AVERAGE REGIONAL WAGE RATE; AND TO AMEND SECTION 12-6-3410, AS AMENDED, RELATING TO THE CORPORATE INCOME TAX CREDIT FOR CORPORATE HEADQUARTERS, SO AS TO MODIFY THE REQUIREMENT OF A CERTAIN NUMBER OF NEW FULL-TIME JOBS TO TEN PERCENT OF THE CORPORATE PAYROLL.
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03/09/09	House	Introduced and read first time HJ-7
03/09/09	House	Referred to Committee on Ways and Means HJ-7