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Session 125 - (2023-2024)Printer Friendly
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H 4087 General Bill, By G.M. Smith, West, Kirby, Ballentine, Robbins, Hewitt, M.M. Smith, Davis, Hiott, Long, Hager, Ott, Weeks, Dillard, W. Jones, Brewer, Hartnett and Murphy
Summary: Income tax credits
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3410, RELATING TO CORPORATE INCOME TAX CREDIT FOR CORPORATE HEADQUARTERS, SO AS TO PROVIDE CHANGES TO STAFFING REQUIREMENTS AND CERTAIN TIMING; BY AMENDING SECTION 12-6-3460, RELATING TO THE RECYCLING FACILITY TAX CREDIT DEFINITIONS, SO AS TO LOWER THE MINIMUM LEVEL OF INVESTMENT FOR A QUALIFIED RECYCLING FACILITY AND TO INCLUDE CERTAIN PRODUCTS TO THE DEFINITION OF "POSTCONSUMER WASTE MATERIAL"; BY AMENDING SECTIONS 12-10-20; 12-10-30, 12-10-40, 12-10-45, 12-10-50, 12-10-60, AND 12-10-80, ALL RELATING TO THE ENTERPRISE ZONE ACT OF 1995, SO AS TO ALLOW REMOTE EMPLOYEES WORKING IN SOUTH CAROLINA TO BE INCLUDED IN CERTAIN JOB CREATION REQUIREMENTS AND TO CREATE A NEW PROVISION TO INCENTIVIZE CERTAIN COMPANIES; AND BY AMENDING SECTION 12-10-95, RELATING TO THE ENTERPRISE ZONE ACT CREDIT AGAINST WITHHOLDING FOR RETRAINING, SO AS TO PROVIDE WHO IS ELIGIBLE FOR THE CREDIT AND THE AMOUNT OF THE CREDIT ALLOWED.
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03/07/23House Introduced and read first time (House Journal-page 13)
03/07/23House Referred to Committee on Ways and Means (House Journal-page 13)
03/29/23House Member(s) request name added as sponsor: Weeks
03/30/23House Member(s) request name added as sponsor: Dillard, W.Jones
03/30/23House Committee report: Favorable with amendment Ways and Means (House Journal-page 10)
04/04/23 Scrivener's error corrected
04/04/23House Member(s) request name added as sponsor: Brewer, Hartnett, Murphy
04/05/23House Amended (House Journal-page 127)
04/05/23House Requests for debate-Rep(s). Cromer, Harris, McCravy, Beach, Guest, Crawford, S Jone, White, May, McCabe, Trantham, TA Morgan, AM Morgan, Chumley, BJ Cox, West, Thayer, MM Smith, B Newton, Davis, Hewitt, Bernstein (House Journal-page 127)
04/05/23House Read second time (House Journal-page 199)
04/05/23House Roll call Yeas-84 Nays-12 (House Journal-page 199)
04/06/23House Read third time and sent to Senate (House Journal-page 38)
04/06/23Senate Introduced and read first time (Senate Journal-page 41)
04/06/23Senate Referred to Committee on Finance (Senate Journal-page 41)
04/06/23 Scrivener's error corrected
04/18/24Senate Committee report: Favorable with amendment Finance (Senate Journal-page 7)



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