South Carolina Statutes
§ 12-10-40 — Designation of enterprise zones; criteria.
The amount of benefits available to qualified businesses is determined by the county designation as defined in Section 12-6-3360(B), in which the project is located. For purposes of determining the amount of job development credit that may be claimed for a job filled by a remote employee, the physical location of the project must be used and not the physical location where the remote employee provides services.
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Legislative History
HISTORY: 1995 Act No. 25, SECTION 1; 1995 Act No. 32, SECTION 9A; 1995 Act No. 145, Part II, SECTION 89; 1996 Act No. 462, SECTION 15; 2024 Act No. 222 (H.4087), SECTION 3, eff July 2, 2024. Editor's Note 2024 Act No. 222, SECTION 6, provides as follows: "SECTION 6. This act takes effect upon approval by the Governor and first applies to income tax years beginning after 2023, except that SECTION 3 first applies to income tax years beginning after 2020." Effect of Amendment 2024 Act No. 222, SECTION 3, in the first sentence, substituted "project" for "business", and added the second sentence.
Nearby Sections
15
§ 12-10-10
Short title.§ 12-10-105
Annual fees.§ 12-10-110
Construction of chapter.§ 12-10-20
Legislative intent.§ 12-10-30
Definitions.§ 12-10-50
Qualification for benefits.§ 12-10-60
Revitalization agreement.§ 12-10-80
Job development credits.§ 12-10-81
Job development tax credits.