Bill Text: SC H5577 | 2019-2020 | 123rd General Assembly | Introduced
Bill Title: COVID-19
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2020-09-15 - Referred to Committee on Ways and Means [H5577 Detail]
Download: South_Carolina-2019-H5577-Introduced.html
A JOINT RESOLUTION
TO PROVIDE AN INCOME TAX CREDIT FOR CERTAIN EMPLOYERS WHO ALLOW AN EMPLOYEE PAID LEAVE WHILE THAT EMPLOYEE IS UNDER QUARANTINE DUE TO COVID-19.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) For income tax years 2020 and 2021 there is allowed an income tax credit for an employer who allows an employee paid leave while that employee is under quarantine due to COVID-19. The amount of the credit is equal to twenty-five percent of the salary or wages the employer pays the employee during the leave period.
(B) If the credit exceeds the taxpayer's tax liability for the taxable year, the excess amount may be carried forward for credit against income taxes in the next five succeeding taxable years.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
