South Carolina H 3466: Tax credit

Bill Text

2025-2026 Bill 3466 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3466

Indicates Matter Stricken
Indicates New Matter

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

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE 
"SOUTH CAROLINA COMMUNITY JOBS ACT" BY ADDING SECTION 12-6-3830 SO AS TO 
PROVIDE AN INCOME TAX CREDIT FOR AN ELIGIBLE EMPLOYER THAT HIRES CERTAIN 
EMPLOYEES.

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

SECTION 1. This act may be cited as the "South Carolina Community Jobs Act."

SECTION 2. Article 25, Chapter 6, Title 12 of the S.C. Code is 
amended by adding:

 Section 
12-6-3830. (A) As used in this 
section:

 (1) 
"Eligible employee" means an individual who:

 (a) 
resides within a one-mile radius of the employer's facility;

 (b) 
receives Temporary Assistance for Needy Families (TANF) or Supplemental 
Nutrition Assistance Program (SNAP) benefits; and

 (c) 
earns a minimum of twenty dollars per hour from the eligible employer.

 (2) 
"Eligible employer" means a business that operates within South Carolina and 
has a facility located within a one-mile radius of a designated low-income 
community.

 (B) 
An eligible employer is allowed a nonrefundable tax credit of up to one 
thousand five hundred dollars for each eligible employee hired, up to a maximum 
of twenty eligible employees. The tax credit may be claimed for a maximum of 
one year for each eligible employee. The tax credit may be carried forward for 
up to three years.

 (C) 
The department may require the taxpayer to provide information necessary for 
proper administration of this section.

SECTION 3. This act takes effect upon approval 
by the Governor and first applies to income tax years beginning after 2025.

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This web page was last updated on December 06, 2024 at 12:05 PM