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Indicates Matter Stricken
Indicates New Matter
S. 249
STATUS INFORMATION
General Bill
Sponsors: Senator Young
Document Path: l:\s-res\try\006secu.kmm.try.docx
Companion/Similar bill(s): 237
Introduced in the Senate on January 12, 2021
Currently residing in the Senate Committee on Finance
Summary: Job development credits
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/9/2020 Senate Prefiled
12/9/2020 Senate Referred to Committee on Finance
1/12/2021 Senate Introduced and read first time (Senate Journal-page 235)
1/12/2021 Senate Referred to Committee on Finance
(Senate Journal-page 235)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-10-80(C)(3) OF THE 1976 CODE, RELATING TO QUALIFIED EXPENDITURES FOR JOB DEVELOPMENT CREDITS, TO PROVIDE THAT SECURITY CLEARANCE COSTS ARE QUALIFIED EXPENDITURES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-10-80(C)(3) of the 1976 Code is amended by adding:
"(k) security clearance costs, to include costs incurred by a qualifying business for:
(i) processing application requests for clearances for employees in the State;
(ii) maintaining, upgrading, or installing computer systems in the State that are required to obtain federal security clearances;
(iii) training employees in the State to administer the application process; or
(iv) acquiring, constructing, or equipping a sensitive compartmented information facility located in the State and constructed in accordance with the guidance established by the Office of the Director of National Intelligence as required by the federal government."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
January 21, 2021 at 1:43 PM