Staff Analysis of the Legislation
03.29.11 The Senate Finance committee gave this bill a favorable report.
03.22.11 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Allows a state tax credit for employers hiring an unemployed individual receiving unemployment benefits.
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S 0591 General Bill, By Peeler, Ryberg, Bryant, Massey, Rose and Setzler
Similar (H 3540
Tax credit for employers hiring an unemployed individual
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3765, 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, THOSE TAXES AGAINST WHICH THE CREDIT IS ALLOWED, AND THE ELIGIBILITY REQUIREMENTS FOR CREDITABLE EMPLOYEES, TO PROVIDE FOR THE ADMINISTRATION OF THE CREDIT, AND TO PROVIDE THAT THE CREDIT IS ALLOWED FOR ELIGIBLE INDIVIDUALS HIRED AFTER JUNE 30, 2011, AND BEFORE JULY 1, 2013, AND EXTENDS FOR TWENTY-FOUR MONTHS FOR EACH CREDITABLE EMPLOYEE.View full text