Credit against withholding

2025-2026 Bill 5243: Credit against withholding - South Carolina Legislature Online

South Carolina General Assembly
126th Session, 2025-2026
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H. 5243
STATUS INFORMATION
General Bill
Sponsors: Rep. B. Newton
Document Path: LC-0545SA26.docx
Introduced in the House on February 24, 2026
Currently residing in the House Committee on
Ways and Means
Summary: Credit against withholding
HISTORY OF LEGISLATIVE ACTIONS

Date

Body

Action Description with journal page number

2/24/2026

House

Introduced and read first time (
House Journal-page 57
)

2/24/2026

House

Referred to Committee on
Ways and Means
(
House Journal-page 57
)

View the latest
legislative information
at the website
VERSIONS OF THIS BILL
02/24/2026

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS
BY AMENDING SECTION
12-10-95
, RELATING TO CREDIT AGAINST WITHHOLDING FOR
RETRAINING, SO AS TO PROVIDE AN INCREASE IN THE CREDIT AMOUNT.

B
e it enacted by the General Assembly of the State of South Carolina:

S
ECTION 1.
S
ection
12-10-95
(A) of the
S.C. Code is amended to read:

S
ection
12-10-95
.
(
A)
(
1) Subject to the conditions in this
section, a business engaged in manufacturing or processing operations or
technology-intensive activities at a manufacturing, processing, or
technology-intensive facility as defined in Section
12-6-3360
(M), or warehousing
and distribution, and that meets the requirements of Section
12-10-50
(B)(2),
with approval from the State Board for Technical and Comprehensive Education,
may claim as a credit against withholding
one

two
thousand dollars a year for the retraining of a
production
,
or

technology
,
or warehousing and distribution first
line employee or immediate supervisor who has been continuously employed by the
business for a minimum of one year and is a full-time employee, so long as
retraining is necessary for the qualifying business to remain competitive
, upgrade the skills of incumbent employees,
or to
introduce new technologies. In addition to the yearly limits, the retraining
credit claimed against withholding may not exceed
five

ten
thousand dollars over five consecutive years
for each retrained production
,

or
technology
, or warehousing and
distribution
first line employee or immediate supervisor.

(
2) Retraining programs that are
eligible for the credit include, but are not limited to:

(
a) retraining of current employees on
newly installed equipment;

(
b) retraining of current employees on
newly implemented technology, such as computer platforms, software
implementation and upgrades, Total Quality Management, ISO 9000, and
self-directed work teams; and

(
c) retraining of current employees for
the purpose of upskilling, management development, or recertification in
production-related competencies.

E
xecutive
training
,
and
personal
enrichment training
, and cross-training of employees on
equipment or technology that is not new to the company
are not eligible
for the credit.

S
ECTION
2. This act takes effect upon approval by the Governor and first applies to
income tax years beginning after 2026.

----XX----

This web page was last updated on February 24, 2026 at 1:32 PM