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H 3493 South Carolina House · 2025-2026 Regular Session

Tax credit

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for taxpayers contracting with small businesses that hire additional employees, providing direct tax relief to encourage job growth and small business hiring.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to incentivize small business hiring of full-time employees, directly advancing employment opportunities without restricting labor protections.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Jan 14, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
2
Jan 14, 2025
Committee
Referred to Committee on Ways and Means
lower
Jan 14, 2025
Introduced
Introduced and read first time
lower
Dec 5, 2024
Committee
Referred to Committee on Ways and Means
lower
2 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Gilda Cobb-Hunter
Gilda Cobb-Hunter
DDemocratic
SC
95
P
Photo of Wendell Jones
Wendell Jones
DDemocratic
SC
25