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Current Status Bill Number:View additional legislative information at the LPITS web site.1046 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20000119 Primary Sponsor:Leatherman All Sponsors:Leatherman Drafted Document Number:l:\council\bills\bbm\9154htc00.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Job tax credit, new job term includes leased employees for eligibility; Taxation, Income tax, Businesses, Corporations History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20000119 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND SECTION 12-6-3360, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TARGETED JOBS STATE INCOME TAX CREDIT, SO AS TO INCLUDE LEASED EMPLOYEES AMONG THOSE EMPLOYEES WHO MAY COUNT TOWARD "NEW JOBS" FOR PURPOSES OF DETERMINING ELIGIBILITY FOR THE CREDIT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-6-3360(M)(3) of the 1976 Code, as last amended by Act 93 of 1999, is further amended by adding at the end:
"For the purpose of determining eligibility with respect to new jobs, there are included employees of a contractor or subcontractor or 'leased employee' if such employees are permanently assigned to a facility and otherwise meet the requirements for employees under this section. Leased employees may not result in a credit under this section to more than one taxpayer."
SECTION 2. This act takes effect upon approval by the Governor.
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