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A248, R304, S915
STATUS INFORMATION
General Bill
Sponsors: Senators Land, Anderson, Nicholson, Leventis, Elliott, Williams, Sheheen and Setzler
Document Path: l:\s-resmin\drafting\jcl\006cdc..tcm.jcl.docx
Companion/Similar bill(s): 3312
Introduced in the Senate on January 12, 2010
Introduced in the House on February 24, 2010
Last Amended on May 26, 2010
Passed by the General Assembly on June 1, 2010
Became law without Governor's signature, June 14, 2010
Summary: Community Economic Development Act
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/9/2009 Senate Prefiled 12/9/2009 Senate Referred to Committee on Finance 1/12/2010 Senate Introduced and read first time SJ-16 1/12/2010 Senate Referred to Committee on Finance SJ-16 2/17/2010 Senate Committee report: Favorable Finance SJ-13 2/18/2010 Senate Read second time SJ-6 2/23/2010 Senate Read third time and sent to House SJ-16 2/24/2010 House Introduced and read first time HJ-12 2/24/2010 House Referred to Committee on Ways and Means HJ-13 5/5/2010 House Recalled from Committee on Ways and Means HJ-29 5/12/2010 House Debate adjourned until Tuesday, May 18, 2010 HJ-105 5/18/2010 House Debate adjourned until Wednesday, May 19, 2010 HJ-53 5/19/2010 House Amended HJ-15 5/19/2010 House Read second time HJ-15 5/20/2010 House Read third time and returned to Senate with amendments HJ-13 5/26/2010 Senate House amendment amended SJ-106 5/26/2010 Senate Returned to House with amendments SJ-106 6/1/2010 House Concurred in Senate amendment and enrolled HJ-89 6/1/2010 House Roll call Yeas-100 Nays-0 HJ-89 6/7/2010 Ratified R 304 6/14/2010 Became law without Governor's signature 7/1/2010 Effective date 06/14/10 7/8/2010 Act No. 248
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
12/9/2009
2/17/2010
5/5/2010
5/19/2010
5/26/2010
(A248, R304, S915)
AN ACT TO AMEND ACT 314 OF 2000, AS AMENDED, RELATING TO THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT AND COMMUNITY DEVELOPMENT TAX CREDITS, SO AS TO TERMINATE THE PROVISIONS OF THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT AND TAX CREDITS ON JUNE 30, 2015.
Be it enacted by the General Assembly of the State of South Carolina:
Provisions of the Community Economic Development Act and tax credits extended
SECTION 1. Section 4 of Act 314 of 2000, as last amended by Act 95 of 2003, is further amended to read:
"SECTION 4. Unless reauthorized by the General Assembly, the provisions of this act shall terminate on June 30, 2015, and this act and all other laws and regulations governing, authorizing, and otherwise dealing with community development corporations and community development financial institutions are deemed repealed on that date."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 7th day of June, 2010.
Became law without the signature of the Governor -- 6/14/2010.
This web page was last updated on September 30, 2010 at 9:31 AM