For purposes of all South Carolina tax credits or other tax incentives, "new jobs" are not created in South Carolina by employees whose work location is changed from North Carolina to South Carolina as a result of the boundary clarification, as contained in the amendments in Section 1-1-10, effective January 1, 2017, nor is there any new investment in South Carolina as a result of property that changes location from North Carolina to South Carolina as a result of the boundary clarification.
HISTORY: 2016 Act No. 270 (S.667), Section 4, eff January 1, 2017.
Structure South Carolina Code of Laws
Chapter 2 - General Provisions
Section 12-2-10. "Department" defined.
Section 12-2-15. "Department of Revenue and Taxation" to mean "Department of Revenue".
Section 12-2-20. "Person" and "Individual" defined.
Section 12-2-30. Repealed or amended act or code section remaining in force for limited purposes.
Section 12-2-50. Governmental bonds, notes, and certificates of indebtedness tax exempt.
Section 12-2-75. Signatories to tax returns.
Section 12-2-90. Fee-in-lieu of tax; collection and enforcement.
Section 12-2-100. Tax credits; timeframe for use; refunds; allocation of credits.
Section 12-2-115. New jobs or investments not created; boundary clarification.
Section 12-2-120. Tax liability or refunds; boundary clarification.
Section 12-2-130. Authority to compromise taxes; boundary clarification.
Section 12-2-140. Federal tax information; background checks.