The Committee on Labor, Commerce and Industry proposes the following amendment (SF-311.CH0002S):
Amend the bill, as and if amended, SECTION 6, by striking Section 12-10-108(2) and inserting:
(2) "Client company" means a person that contracts with a licensee and that is assigned employees under that contract. The term also means a person or entity that employs twenty or less employees of this State.
Amend the bill further, SECTION 6, by striking Section 12-10-108(3)(C)(2) and inserting:
(2) If the client company also has employees subject to South Carolina withholding taxes payable by the client company, the client company is eligible to claim a job development credit for any such employee. The total amount of all job development credits that may be allocated in any calendar year must not exceed ten million dollars and must apply to eligible claimants on a first-come, first-served basis as determined by the Department of Revenue in a manner it prescribes until the total allowable credits for that calendar year are exhausted. The client company also shall provide the information set forth in this subsection concerning such employees.