Credit against withholding

Summary

The bill raises the amount a qualified South Carolina manufacturing, processing, technology‑intensive, or warehousing business can claim as a credit against state tax withholding for employee retraining. It permits up to $2,000 each year for each full‑time employee or supervisor who has worked at least one year, with a total limit of $50,000 over five years. The goal is to help firms keep workers skilled and stay competitive.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share