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A94, R134, H3526

STATUS INFORMATION

General Bill
Sponsors: Reps. Taylor, Brady, Bales, Bedingfield, Bowers, Branham, Chellis, Gullick, Hagood, Hardwick, Knight, Limehouse, Littlejohn, Mahaffey, Scarborough, J.R. Smith, Talley, Bingham, Toole, R. Brown, Mulvaney, Whipper and Loftis
Document Path: l:\council\bills\bbm\9743htc07.doc

Introduced in the House on February 14, 2007
Introduced in the Senate on April 25, 2007
Last Amended on April 24, 2007
Passed by the General Assembly on June 6, 2007
Governor's Action: June 14, 2007, Signed

Summary: Income tax credit

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/14/2007  House   Introduced and read first time HJ-26
   2/14/2007  House   Referred to Committee on Ways and Means HJ-26
    3/7/2007  House   Member(s) request name added as sponsor: Talley
    3/8/2007  House   Member(s) request name added as sponsor: Bingham, Toole
   4/18/2007  House   Member(s) request name added as sponsor: R.Brown, 
                        Mulvaney
   4/18/2007  House   Committee report: Favorable with amendment Ways and 
                        Means HJ-15
   4/24/2007  House   Member(s) request name added as sponsor: Whipper, Loftis
   4/24/2007  House   Amended HJ-87
   4/24/2007  House   Read second time HJ-88
   4/25/2007  House   Read third time and sent to Senate HJ-20
   4/25/2007  Senate  Introduced and read first time SJ-21
   4/25/2007  Senate  Referred to Committee on Finance SJ-21
   5/31/2007  Senate  Committee report: Favorable Finance SJ-8
    6/5/2007  Senate  Read second time SJ-37
    6/6/2007  Senate  Read third time and enrolled SJ-32
    6/7/2007          Ratified R 134
   6/14/2007          Signed By Governor
   6/20/2007          Copies available
   6/20/2007          Effective date See Act for Effective Date
   6/27/2007          Act No. 94

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/14/2007
4/18/2007
4/24/2007
5/31/2007

(A94, R134, H3526)

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3477 SO AS TO ALLOW AN EMPLOYER A CREDIT AGAINST THE STATE INCOME TAX EQUAL TO ONE THOUSAND DOLLARS IN A TAXABLE YEAR FOR EACH APPRENTICE EMPLOYED IN AN APPRENTICESHIP PROGRAM REGISTERED WITH THE UNITED STATES DEPARTMENT OF LABOR, TO ALLOW UNUSED CREDIT TO CARRY FORWARD TO FIVE SUCCEEDING TAXABLE YEARS, AND TO PROVIDE FOR THE ADMINISTRATION OF THIS CREDIT.

Be it enacted by the General Assembly of the State of South Carolina:

Apprentice income tax credit

SECTION    1.    Article 25, Chapter 6, Title 12 of the 1976 Code is amended by adding:

"Section 12-6-3477.    A taxpayer who employs an apprentice pursuant to an apprentice agreement registered with the Office of Apprenticeship of the Employment and Training Administration of the United States Department of Labor is allowed a credit against an income tax imposed pursuant to this chapter equal to one thousand dollars for each apprentice employed. A credit is not allowed unless the apprentice was in the employ of the taxpayer for at least seven full months of the taxable year and a credit is not allowed for an individual apprentice for more than four taxable years. The department shall prescribe a form to claim this credit that provides information to the department sufficient for the proper administration of this credit."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor and applies for employees beginning apprenticeships after 2007.

Ratified the 8th day of June, 2007.

Approved the 14th day of June, 2007.

This web page was last updated on Wednesday, December 2, 2009 at 3:39 P.M.