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A188, R185, S557
STATUS INFORMATION
General Bill
Sponsors: Senators M. Johnson, Peeler, Kimbrell, Adams, Rice, Rankin, Reichenbach, Young, Loftis, Climer, Garrett, Alexander, Campsen and Gustafson
Document Path: LC-0021DG23.docx
Introduced in the Senate on February 22, 2023
Introduced in the House on March 30, 2023
Last Amended on February 6, 2024
Currently residing in the Senate
Governor's Action: May 21, 2024, Signed
Summary: Apprentice tax credit
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 2/22/2023 | Senate | Introduced and read first time (Senate Journal-page 3) |
| 2/22/2023 | Senate | Referred to Committee on Finance (Senate Journal-page 3) |
| 3/22/2023 | Senate | Committee report: Favorable with amendment Finance (Senate Journal-page 9) |
| 3/28/2023 | Senate | Committee Amendment Adopted (Senate Journal-page 76) |
| 3/28/2023 | Senate | Read second time (Senate Journal-page 76) |
| 3/28/2023 | Senate | Roll call Ayes-42 Nays-0 (Senate Journal-page 76) |
| 3/29/2023 | Senate | Read third time and sent to House (Senate Journal-page 26) |
| 3/30/2023 | House | Introduced and read first time (House Journal-page 24) |
| 3/30/2023 | House | Referred to Committee on Ways and Means (House Journal-page 24) |
| 5/4/2023 | House | Committee report: Favorable Ways and Means (House Journal-page 5) |
| 5/9/2023 | House | Debate adjourned (House Journal-page 25) |
| 5/10/2023 | House | Amended (House Journal-page 53) |
| 5/10/2023 | House | Read second time (House Journal-page 53) |
| 5/10/2023 | House | Roll call Yeas-111 Nays-0 (House Journal-page 75) |
| 5/11/2023 | House | Read third time and returned to Senate with amendments (House Journal-page 16) |
| 5/11/2023 | Scrivener's error corrected | |
| 2/6/2024 | Senate | House amendment amended |
| 2/6/2024 | Senate | Returned to House with amendments |
| 2/6/2024 | Senate | Roll call Ayes-45 Nays-0 |
| 2/7/2024 | Scrivener's error corrected | |
| 2/13/2024 | House | Debate adjourned until Tues., 3-19-24 (House Journal-page 35) |
| 3/20/2024 | House | Debate adjourned (House Journal-page 70) |
| 3/21/2024 | House | Debate adjourned until Tues., 4-9-24 (House Journal-page 50) |
| 4/9/2024 | House | Debate adjourned (House Journal-page 64) |
| 4/10/2024 | House | Debate adjourned until Thur., 4-18-24 (House Journal-page 14) |
| 4/18/2024 | House | Debate adjourned until Thur., 4-25-24 (House Journal-page 45) |
| 5/2/2024 | House | Debate adjourned until Tues., 5-7-24 (House Journal-page 70) |
| 5/7/2024 | House | Debate adjourned (House Journal-page 135) |
| 5/8/2024 | House | Debate adjourned (House Journal-page 6) |
| 5/9/2024 | House | Concurred in Senate amendment and enrolled (House Journal-page 81) |
| 5/9/2024 | House | Roll call Yeas-103 Nays-0 (House Journal-page 82) |
| 5/15/2024 | Ratified R 185 | |
| 5/21/2024 | Signed By Governor | |
| 5/29/2024 | Effective date 05/21/24 | |
| 5/29/2024 | Act No. 188 |
View the latest legislative information at the website
VERSIONS OF THIS BILL
02/22/2023
03/22/2023
03/28/2023
05/05/2023
05/10/2023
05/11/2023
02/06/2024
02/07/2024
(A188, R185, S557)
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3477, RELATING TO THE APPRENTICE INCOME TAX CREDIT, SO AS TO INCREASE THE AMOUNT OF THE CREDIT AND THE NUMBER OF YEARS IN WHICH IT MAY BE CLAIMED.
Be it enacted by the General Assembly of the State of South Carolina:
Apprentice tax credit
SECTION 1. Section 12-6-3477 of the S.C. Code is amended to read:
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 the greater of the cost of the apprenticeship or one thousand dollars for each apprentice employed, but not to exceed four thousand dollars for an apprentice, or six thousand dollars for the youth apprenticeship program. 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; however, if the apprentice completes the apprenticeship and remains an employee of the taxpayer, the taxpayer may claim the one thousand dollar credit for up to three additional taxable years. Notwithstanding any other provision of this section, the maximum aggregate credit for all taxpayers may not exceed five million dollars in any one tax year. The General Assembly, in the annual general appropriations act, may increase or decrease the maximum aggregate credit amount. The department shall prescribe a form to claim this credit that provides information to the department sufficient for the proper administration of this credit. Any unused credit may be carried forward for three years.
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 15th day of May, 2024.
Approved the 21st day of May, 2024.
This web page was last updated on June 24, 2024 at 2:45 PM