Prohibits state incentives for companies with more than 2% H1B visa holders.
The bill amends the South Carolina Code to prohibit state incentives for companies employing more than two percent H1B visa holders. Affected incentives include tax incentives, discretionary incentives, grants, local FILOT agreements, and state contracts. This measure aims to influence the composition of company workforces by limiting state support to businesses with a lower proportion of H1B visa holders.
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