SC H4528 | 2009-2010 | 118th General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-02-04 - Referred to Committee on Ways and Means HJ-20
Pending: House Ways and Means Committee

Summary

A BILL TO ENACT THE "SOUTH CAROLINA BACK TO WORK TAX REBATE ACT OF 2010", BY ADDING SECTION 12-6-3765 TO THE CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO ALLOW A STATE TAX CREDIT FOR EMPLOYERS HIRING AN UNEMPLOYED INDIVIDUAL RECEIVING UNEMPLOYMENT COMPENSATION BENEFITS, TO PROVIDE THE AMOUNT OF THE CREDIT WHICH MUST BE EQUAL TO THE STATE INCOME TAX WITHHOLDINGS APPLICABLE TO THAT EMPLOYEE FOR A PERIOD OF UP TO ONE YEAR, TO PROVIDE THE ELIGIBILITY REQUIREMENTS FOR CREDITABLE EMPLOYEES, TO PROVIDE FOR THE ADMINISTRATION OF THE CREDIT, TO PROVIDE THAT THE CREDIT IS ALLOWED FOR ELIGIBLE EMPLOYEES HIRED AFTER THE EFFECTIVE DATE OF THIS SECTION AND BEFORE JANUARY 1, 2011, AND TO PROVIDE FOR THE DURATION OF THE CREDIT.

Tracking Information

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Title

Allow A State Tax Credit For Employers Hiring An Unemployed Individual Receiving Unemployment Compensation Benefits, To Provide The Amount Of The Credit Which Must Be Equal To The State Income Tax Withholdings Applicable To That Employee For A Period Of Up To One Year, To Provide The Eligibility Requirements For Creditable Employees, To Provide For The Administration Of The Credit, To Provide That The Credit Is Allowed For Eligible Employees Hired After The Effective Date Of This Section And Before January 1, 2011, And To Provide For The Duration Of The Credit.

Sponsors


History

DateChamberAction
2010-02-04 Referred to Committee on Ways and Means HJ-20
2010-02-04 Introduced and read first time HJ-20

Same As/Similar To

S1176 (Similar To) 2010-02-16 - Referred to Committee on Finance SJ-3

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1263765(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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