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H 3964 - Provides a tax credit for a taxpayer that contracts with a small business

Tracking Level: Of Interest
Sponsor: Wendell Jones
Last Action: 2/29/2024 - House - Member(s) request name added as sponsor: Collins
House Committee: WM
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Provides a tax credit for a taxpayer that contracts with a small business that necessitates the small business hiring additional full time employees.

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
H 3964 General Bill, By W. Jones, Dillard, Cobb-Hunter, Ott, G.M. Smith, Hyde, Weeks, Kilmartin, Leber and Collins
Summary: Tax credit
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3805 SO AS TO PROVIDE A TAX CREDIT FOR A TAXPAYER THAT CONTRACTS WITH A SMALL BUSINESS WHICH NECESSITATES THE SMALL BUSINESS HIRING ADDITIONAL FULL-TIME EMPLOYEES.
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02/15/23House Introduced and read first time (House Journal-page 7)
02/15/23House Referred to Committee on Ways and Means (House Journal-page 7)
03/08/23House Member(s) request name added as sponsor: Kilmartin
06/07/23House Member(s) request name added as sponsor: Leber
02/29/24House Member(s) request name added as sponsor: Collins


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