DEW UI Tax Code

Summary

This bill, enacted in South Carolina, amends unemployment insurance tax provisions by changing the benefit ratio lookback period, setting a solvency target, and removing caps on penalties for failure to file reports and pay contributions. It also exempts the first $10,000 of net depreciated value of business personal property from property tax for small businesses and provides a corporate license tax exemption for the first $50 million of capital stock under certain conditions.