The bill H. 5273 aims to amend the South Carolina Code of Laws by adding a new section, 12-2-150, which prohibits state incentives for companies that employ more than two percent of their workforce on H1B visas. This includes a range of state-provided incentives such as tax incentives, discretionary incentives, grants, local FILOT agreements, and state contracts.

If enacted, this legislation would ensure that companies with a significant reliance on H1B visa holders would not be eligible for financial support from the state, thereby encouraging the hiring of local employees. The bill is currently under consideration in the House Committee on Ways and Means and will take effect upon approval by the Governor.

Statutes affected:
02/26/2026: 12-2-150
Latest Version: 12-2-150