The South Carolina Senate Finance Committee unanimously approved a tax credit measure last week that would reward South Carolina employers when they hire the unemployed. The tax credit would accumulate at the rate of $100 per month for a maximum credit of $2,400 over a two-year period.
The bill was written by South Carolina’s Senate Majority Leader Harvey Peeler (Rep.). Peeler proposed the same bill in 2009, at which time it failed to pass the South Carolina House.
“I hope this time they’ll look on it favorably,” Peeler said. “I think there’ll be more than enough support in the Senate to get it through the Senate again.” Read about it in a Bloomberg Business Week article, here.