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H. 5118
STATUS INFORMATION
General Bill
Sponsors: Rep. W.D. Smith
Document Path: l:\council\bills\gjk\21177sd04.doc
Companion/Similar bill(s): 1026
Introduced in the House on April 14, 2004
Currently residing in the House Committee on Ways and Means
Summary: Income tax credits for historic structure rehabilitation expenditures
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 4/14/2004 House Introduced and read first time HJ-71 4/14/2004 House Referred to Committee on Ways and Means HJ-71
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VERSIONS OF THIS BILL
TO AMEND SECTION 12-6-3535, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INCOME TAX CREDITS FOR MAKING QUALIFIED REHABILITATION EXPENDITURES FOR A CERTIFIED HISTORIC STRUCTURE, SO AS TO EXPAND THE TYPES OF INCOME TAXES OR LICENSE FEES OR TAXES TO WHICH THESE CREDITS APPLY AND TO FURTHER PROVIDE FOR THE MANNER IN WHICH THE CREDITS EARNED MAY BE PASSED THROUGH TO PARTNERS OR SHAREHOLDERS AND ALLOCATED AMONG PARTNERS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. A. Section 12-6-3535(A) of the 1976 Code, as last amended by Act 69 of 2003, is further amended to read:
B. Section 12-6-3535(C) of the 1976 Code, as last amended by Act 69 of 2003, is further amended to read:
SECTION 2. The provisions of Section 1 of this act apply for any taxable years beginning on or after January 1, 2004.
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