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Post |
Senator Harvey Peeler Introduces “Jumpstart South Carolina’s Economy
Plan”
web
posted April 15, 2009
COLUMBIA – South Carolina Senate Majority
Leader Harvey Peeler (R - Cherokee) introduced legislation today to
help fight South Carolina’s skyrocketing unemployment rate. Peeler’s
“Jumpstart Plan” provides tax credits for businesses that hire
unemployed workers and grows our economy by promoting the private
sector, not growing government.
Under Peeler’s plan any employer who hires an unemployed South
Carolinian will receive a $100 per month tax credit for each employee
hired beginning July 1, 2009. The tax credit is available for 24
months, a maximum of $2,400 per employee over two years.
Senator Peeler said, “We aren’t going to grow our economy if we keep
growing government on the backs of our state’s businesses and working
families. We have to relieve the burden on business owners so that they
can afford to hire new employees and jumpstart our economy.”
Peeler also called for renewed leadership during this tough economic
crisis. “All we hear about are the problems plaguing our state. We hear
about our second in the nation unemployment rate. We hear about our
inability to fund schools and prisons. Very seldom do we hear about
solutions. It’s time to move past the problems and find the solutions
that will grow our economy and put families back to work.”
“I don’t have all the solutions, but I do know that our problems won’t
be solved if we just sit on our hands. It’s time to get to work and
give the private sector the tools they need to create jobs for our
state,” Peeler continued.
Details of the Jumpstart Plan:
- Any employer
who hires an unemployed South Carolinian will receive a $100 per month
tax credit per employee beginning July 1, 2009.
- The tax
credit is available for 24 months – maximum of $2,400 per employee in
tax credit over a 2-year time.
- Defines an
unemployed South Carolinian as:
- Someone who
gets a job between July 1, 2009 and June 30, 2010
- Has been
receiving unemployment benefits in SC for at least 4 weeks
- Remains in
this position with the employer for at least 4 weeks – working a
minimum of 35 hours per week
- Has no
return to work date or promise of future employment
- Provides a
notarized affidavit that the individual is a US citizen or has a green
card
- Was
unemployed immediately prior to being employed
- The employer
becomes eligible for the tax credit when the employee has completed
four consecutive weeks of work. A workweek consists of a minimum
of 35 hours.
- The amount
of tax credit cannot exceed the amount of taxes the employer pays in a
year, but any amount in excess may be carried over to the succeeding
year.
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EdgefieldDaily.com All
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EdgefieldDaily.com and cannot be reproduced, rewritten or redistributed
without the expressed written permission of Edgefield Daily.com
|

JAM Straight Customs

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