Reference is to Printer's Date 3/19/15-H.
Amend the bill, as and if amended, SECTION 1, page 1, by striking 12-6-3770(A) and inserting:
/ (A) A taxpayer that constructs, purchases, or leases renewable energy property located on the Environmental Protection Agency's National Priority List, National Priority List Equivalent Sites, and related removal actions, located in the State of South Carolina and places it in service in this State during the taxable year is allowed an income tax credit equal to thirty-five percent of the cost, including the cost of installation, of the property. A lessor shall give a taxpayer who leases renewable energy property from him a statement that describes the renewable energy property and states the cost of the property upon request. No credit is allowed under this section to the extent the cost of the renewable energy property is provided by public funds. For purposes of this section, 'public funds' does not include grants made under Section 1603 of the American Recovery and Reinvestment Tax Act of 2009. /
Amend the bill further, as and if amended, SECTION 1, page 2, by striking 12-6-3770(D) in its entirety.
Amend the bill further, as and if amended, page 3, by striking SECTION 2 in its entirety and inserting:
/ SECTION 2. This act takes effect in income tax years beginning after 2015. The provisions of this act are repealed on December 31, 2016.
Renumber sections to conform.
Amend title to conform.