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S 0889 - Requires a Capital Project Sales Tax ordinance to specify the purpose of the project to include economic development projects

Tracking Level: Of Interest
Sponsor: Paul Campbell
Last Action: 3/6/2018 - Referred to Committee on Ways and Means
Senate Committee: Fin
House Committee: WM
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation
02.13.2018 The Senate Finance Committee gave this bill a favorable report as amended. The amendment defines economic development.
02.07.2018 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment only makes technical changes.
Summary of the bill as introduced: Requires a Capital Project Sales Tax ordinance to specify the purpose of the project to include economic development projects that include infrastructure, land purchases and site development projects.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc