Current Status Bill Number:150 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19970114 Primary Sponsor:Rose All Sponsors:Rose Drafted Document Number:s-res\rose\res1084.mtr Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Income tax credit allowed for employers providing employees with maternity, adoption leave; taxation
Body Date Action Description Com Leg Involved
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Senate 19970114 Introduced, read first time, 06 SF
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND ARTICLE 10, CHAPTER 7, TITLE 12, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-7-1219, SO AS TO ALLOW A TAX CREDIT FOR EMPLOYERS WHO PROVIDE EMPLOYEES PAID MATERNITY LEAVE OR PAID LEAVE IN CONNECTION WITH AN EMPLOYEE'S ADOPTION OF A CHILD.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 10, Chapter 7, Title 12 of the 1976 Code is amended by adding:
"Section 12-7-1219. An employer who provides (1) paid maternity leave for an employee or (2) paid leave in connection with the employee's adoption of a child, and the leave provided is in addition to other types of paid leave provided by the employer, is allowed a credit against the tax imposed pursuant to this chapter, Chapters 11 and 13 of this title, and Chapter 7 of Title 38, in an amount equal to the compensation paid the employee while on leave. The credit allowed may not exceed one thousand dollars in connection with the leave provided any one employee in one year. The credit must be claimed against the tax liability for the taxable year in which the period of leave ended. Unused credit may be carried forward for the five succeeding taxable years. The department shall prescribe the appropriate forms and procedures to implement the credit allowed by this section."
SECTION 2. This act takes effect upon approval by the Governor and applies with respect to taxable years beginning after 1996.