The Job Tax Credit (JTC) is a statutory incentive offered to companies, both existing and new, that create new jobs in the state. The credit is available to companies that establish or expand corporate headquarters, manufacturing, distribution, processing, qualified service-related, research and development facilities. This credit is extremely beneficial for companies, because it is a credit against corporate income taxes, which can eliminate 50% of a company's liability.
A Job Development Credit (JDC) is a performance-based incentive that rebates a portion of new employees' withholding taxes that can be used to address the specific needs of individual companies. JDCs are approved on a case-by-case basis by the S.C. Coordinating Council for Economic Development. To qualify, a company must meet certain business requirements and the amount a company receives depends on the company's pay structure and location.
This legislation applies to employers that have more than one employee who engages in activities which involve the presence of ionizing radiation. Employers with less than three employees can choose to opt out of this legislation. The legislation contains provisions for the treatment and compensation of injuries obtained from ionizing radiation, and addresses the responsibility of employees and employers.
The South Carolina Public Service Commission (PSC) adopted simplified interconnection guidelines for small distributed generation (DG) in December 2006. These guidelines address renewable-energy systems and other forms of DG up to 20 kilowatts (kW) in capacity for residential systems, and up to 100 kW for non-residential systems. Provisions for three-phase generators are not included.
The Commissioner of the Department of Agriculture has the authority to promulgate regulations declaring specified substances to be hazardous and establishing labeling, transportation, storage, and disposal requirements for such substances.
The Department of Health and Environmental Control has established a groundwater management program, requiring entities withdrawing in excess of three million gallons during any one month to obtain a permit, register water sources, and report use. The Department is responsible for monitoring and assessing groundwater withdrawals, and for developing a state groundwater management plan. Some exemptions, including for emergency withdrawals, apply.
This legislation applies to public utilities and entities furnishing natural gas, heat, water, sewerage, and street railway services to the public. The legislation addresses rates and services, exemptions, investigations, and records. Article 4 (58-5-400 et seq.) of this legislation is the Natural Gas Rate Stabilization Act, which directly addresses rates for natural gas service, and Article 9 (58-5-900 et seq.) is the South Carolina Gas Safety Act of 1970. The Public Service Commission has the authority to implement regulations regarding fees and services provided by these entities.
South Carolina's Forestry industry is one of the largest contributors to the State's economy. Wood residues, among other biomass resources, are used by several co-gen and electricity generators in the state. The South Carolina Forestry Commission manages the State's forest lands: www.state.sc.us/forest/
The Enterprise Zone Retraining Credit Program is a discretionary incentive that helps existing industries maintain their competitive edge and retain their existing workforce by allowing them to claim a Retraining Credit for existing production employees. If approved for the Enterprise Zone Retraining Credit, companies can reimburse themselves up to 50% of approved training costs for eligible production workers (not to exceed $500 per person per year). This program is also overseen by the Coordinating Council for Economic Development.
Commercial and industrial members who upgrade to energy-efficient light bulbs which meet EnergyUnited's standards are eligible for a prescriptive, "per unit" rebate. The cooperative will provide a rebate of $0.30 for each watt saved by the lighting upgrade. Fixtures which have had older bulbs replaced by highly efficient ones are eligible for the rebate. The new light bulbs must have a manufacturer's rated life of 36,000 hours or greater to qualify and must be installed in a professional manner. Rebate criteria are subject only to EnergyUnited standards.