H4252: Redline Enterprise Zone Act

Legislative Summary

Amend Section 12-10-20, Code Of Laws Of South Carolina, 1976, Relating To The Legislative Intent Of The Enterprise Zone Act Of 1995, So As To Make Conforming Changes; To Amend Section 12-10-30, Relating To Definitions, So As To Add A Definition Of "related Person"; To Amend Section 12-10-50, Relating To Qualifications For Benefits, So As To Provide That To Qualify For Benefits A Business Must Enter Into A Retaining Agreement With A Certain Technical College; To Amend Section 12-10-80, As Amended, Relating To Job Development Credits, So As To Provide For Certain Designations Of Qualifying Businesses And To Increase The Amount Of Certain Gross Wages An Employee Must Earn; To Amend Section 12-10-81, Relating To The Job Development Tax Credits, So As To Increase The Amount Of Certain Gross Wages An Employee Must Earn; And To Amend Section 12-10-100, Relating To The Criteria For Determination And Selection Of A Qualifying Business, So As To Make A Conforming Change.