The bill H. 4615 proposes an amendment to the South Carolina Code of Laws by adding Section 11-1-130, which stipulates that any entity that hires or employs individuals with H-1B or Optional Practical Training (OPT) visas will be ineligible to receive state economic development incentives. These incentives encompass a range of financial benefits, including job or employee tax credits, general business tax credits, infrastructure credits, and various tax exemptions related to property and sales.

The legislation aims to restrict state support for businesses that employ certain visa holders, thereby potentially influencing hiring practices within the state. The bill is set to take effect on July 1, 2027, if passed.

Statutes affected:
Latest Version: 11-1-130