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H. 4727
STATUS INFORMATION
General Bill
Sponsors: Reps. Toole and Duncan
Document Path: l:\council\bills\bbm\9100htc06.doc
Introduced in the House on February 28, 2006
Currently residing in the House Committee on Ways and Means
Summary: Small business targeted job tax credit
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/28/2006 House Introduced and read first time HJ-2 2/28/2006 House Referred to Committee on Ways and Means HJ-2 3/7/2006 House Member(s) request name added as sponsor: Duncan
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND ACT 157 OF 2005, RELATING TO MISCELLANEOUS TAX AND BUSINESS INCENTIVE MEASURES, SO AS TO ELIMINATE THE SMALL BUSINESS TARGETED JOBS TAX CREDIT FROM THE TAX CREDITS AND EXEMPTIONS SUNSETTED IN THE ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 5(B) of Act 157 of 2005 is amended to read:
"(B) Each tax incentive, including credits and exemptions, enacted by this act shall be repealed for tax years beginning after five years from the date of enactment, unless a different time frame is otherwise provided herein, but this repeal does not apply to the small business targeted jobs tax credit allowed pursuant to Section 12-6-3360(C)(2) of the 1976 Code as amended by this act."
SECTION 2. This act takes effect upon approval by the Governor.
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