South Carolina General Assembly
118th Session, 2009-2010

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H. 4351

STATUS INFORMATION

General Bill
Sponsors: Reps. Hodges and Dillard
Document Path: l:\council\bills\agm\19586ab10.docx

Introduced in the House on January 19, 2010
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Microbusiness

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/19/2010  House   Introduced and read first time HJ-2
   1/19/2010  House   Referred to Committee on Ways and Means HJ-3
   1/21/2010  House   Recalled from Committee on Ways and Means HJ-31
   1/21/2010  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-32
   1/28/2010  House   Member(s) request name added as sponsor: Dillard

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/19/2010

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 13-1-1780 SO AS TO STATE THAT IT IS THE POLICY OF THIS STATE TO PROMOTE THE CREATION AND GROWTH OF MICROBUSINESSES IN THIS STATE, PARTICULARLY THROUGH THE ESTABLISHMENT OF PROGRAMS DESIGNED TO MAKE AVAILABLE START-UP CAPITAL TO PROSPECTIVE MICROBUSINESSES, AND TO DEFINE A MICROBUSINESS OR MICROENTERPRISE AS A SOLE PROPRIETORSHIP, PARTNERSHIP, OR CORPORATION THAT HAS FEWER THAN FIVE EMPLOYEES AND GENERALLY LACKS ACCESS TO CONVENTIONAL LOANS, EQUITY, OR OTHER BANKING SERVICES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Article 11, Chapter 1, Title 13 of the 1976 Code is amended by adding:

"Section 13-1-1780.        (A)    It is the policy of this State to promote the creation and growth of microbusinesses in this State, particularly through the establishment of programs designed to make available start-up capital to prospective microbusinesses.

(B)    'Microbusiness' or 'microenterprise' means a sole proprietorship, partnership, or corporation that has fewer than five employees and generally lacks access to conventional loans, equity, or other banking services."

SECTION    2.    This act takes effect upon approval by the Governor.

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