H4087: Income tax credits

Legislative Summary

Amend The South Carolina Code Of Laws By Amending Section 12-6-3410, Relating To Corporate Income Tax Credit For Corporate Headquarters, So As To Provide Changes To Staffing Requirements And Certain Timing; By Amending Section 12-6-3460, Relating To The Recycling Facility Tax Credit Definitions, So As To Lower The Minimum Level Of Investment For A Qualified Recycling Facility And To Include Certain Products To The Definition Of "postconsumer Waste Material"; By Amending Sections 12-10-20, 12-10-30, 12-10-40, 12-10-45, 12-10-50, 12-10-60, And 12-10-80, All Relating To The Enterprise Zone Act Of 1995, So As To Allow Remote Employees Working In South Carolina To Be Included In Certain Job Creation Requirements And To Create A New Provision To Incentivize Certain Companies; By Amending Section 12-10-95, Relating To The Enterprise Zone Act Credit Against Withholding For Retraining, So As To Add Warehousing And Distribution And To Provide For Approval Requirements; And By Amending Section 12-6-1120, Relating To Gross Income, So As To Provide For Certain Deductions To Taxable Income. - Ratified Title