South Carolina Community Jobs Act offers tax credit for hiring eligible employees in low-income areas.

The South Carolina Community Jobs Act provides an income tax credit for eligible employers who hire employees living near their facilities and receiving certain assistance. Eligible employers are businesses within South Carolina with facilities near low-income communities. They can claim a credit of up to $1,500 per eligible employee, up to 20 employees, for a maximum credit of $30,000 per year. The credit can be claimed for one year and carried forward for up to three years. The act amends the South Carolina Code to include this new tax credit.

South Carolina Community Jobs Act offers tax credit for hiring eligible employees in low-income areas.

The South Carolina Community Jobs Act provides an income tax credit for eligible employers who hire employees living near their facilities and receiving certain assistance. Eligible employers are businesses within South Carolina with facilities near low-income communities. They can claim a credit of up to $1,500 per eligible employee, up to 20 employees, for a maximum credit of $30,000 per year. The credit can be claimed for one year and carried forward for up to three years. The act amends the South Carolina Code to include this new tax credit.