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Indicates Matter Stricken
Indicates New Matter
Indicates Matter Stricken
Indicates New Matter
COMMITTEE AMENDMENT ADOPTED
February 26, 2019
S. 329
S. Printed 2/26/19--S.
Read the first time January 8, 2019.
TO PROVIDE THAT TAX CREDITS FOR THE PURCHASE OF GEOTHERMAL MACHINERY AND EQUIPMENT SHALL BE REPEALED ON JANUARY 1, 2022.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. SECTION 2.B. of Act 134 of 2016 is amended to read:
"B. The provisions contained in this section related to geothermal machinery and equipment are repealed January 1, 2019 2022."
SECTION 2. This act takes effect upon approval by the Governor and applies to tax years beginning after 2018. The provisions of Section 12-6-3587, as they existed on December 31, 2018, are re-enacted, and the tax credits earned pursuant to this act shall be earned and claimed under the same terms and conditions as they existed on December 31, 2018. This act shall continue to apply until such time as Section 12-6-3587, or parts thereof, are otherwise repealed, mutatis mutandis.
This web page was last updated on February 26, 2019 at 3:51 PM