The "South Carolina Community Jobs Act" is proposed legislation aimed at providing an income tax credit to eligible employers who hire certain employees. The bill defines "eligible employees" as individuals who reside within a one-mile radius of the employer's facility, receive benefits from programs like Temporary Assistance for Needy Families (TANF) or Supplemental Nutrition Assistance Program (SNAP), and earn at least twenty dollars per hour. An "eligible employer" is defined as a business operating within South Carolina that has a facility located within a one-mile radius of a designated low-income community.

Under the provisions of the bill, eligible employers can receive a nonrefundable tax credit of up to $1,500 for each eligible employee hired, with a cap of twenty eligible employees per employer. The tax credit can be claimed for a maximum of one year for each employee and may be carried forward for up to three years. The act will take effect upon approval by the Governor and will first apply to income tax years beginning after 2025.

Statutes affected:
12/05/2024: 12-6-3830
Latest Version: 12-6-3830