South Carolina General Assembly
117th Session, 2007-2008

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Indicates Matter Stricken
Indicates New Matter

S. 309

STATUS INFORMATION

General Bill
Sponsors: Senator Short
Document Path: l:\council\bills\dka\3132ssp07.doc

Introduced in the Senate on January 23, 2007
Currently residing in the Senate Committee on Finance

Summary: Department of Revenue

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/23/2007  Senate  Introduced and read first time SJ-4
   1/23/2007  Senate  Referred to Committee on Finance SJ-4

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/23/2007

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-6-3360, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO JOB TAX CREDITS, SO AS TO PROHIBIT THE DEPARTMENT OF REVENUE FROM CHANGING A COUNTY'S DESIGNATION TO RESULT IN THE AMOUNT OF JOB TAX CREDITS AVAILABLE TO A TAXPAYER IN THE COUNTY TO BE LOWERED BY MORE THAN ONE TIER THAN IN THE PREVIOUS YEAR.

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

SECTION    1.    Section 12-6-3360(B) of the 1976 Code, as last amended by Act 390 of 2006, is further amended by adding:

"(6)    Notwithstanding the provisions of this subsection, the department shall not change a county's designation so as to result in the amount of job tax credits available to a taxpayer in the county to be lowered by more than one tier than in the previous year."

SECTION    2.    This act takes effect upon approval by the Governor.

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