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H 3133 -
Enacts the South Carolina Economic Development Tax Incentive Evaluation Act
Tracking Level:
Of Interest
Sponsor:
Marvin Pendarvis
Last Action:
1/12/2021 - House - Referred to Committee on Ways and Means
House Committee:
WM
Assigned To:
Economic Development
Next Bill
Staff Analysis of the Legislation
Summary of the bill as introduced
: Requires the SC Department of Revenue to complete a study every two years to assess the economic and financial impact of economic development tax incentives.
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Session 124 - (2021-2022)
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H 3133 General Bill, By
Pendarvis
,
Magnuson
,
Cobb-Hunter
and
May
Summary:
SC Economic Development Tax Incentive Evaluation Act
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, TO ENACT THE "SOUTH CAROLINA ECONOMIC DEVELOPMENT TAX INCENTIVE EVALUATION ACT" BY ADDING CHAPTER 70 TO TITLE 12 SO AS TO REQUIRE THE DEPARTMENT OF REVENUE TO COMPLETE A STUDY EVERY TWO YEARS TO ASSESS THE IMPACT, INCLUDING BOTH THE ECONOMIC BENEFITS AND THE FINANCIAL COST, OF ECONOMIC DEVELOPMENT TAX INCENTIVES.
View full text
12/09/20
House
Prefiled
12/09/20
House
Referred to Committee on Ways and Means
01/12/21
House
Introduced and read first time (
House Journal-page 83
)
01/12/21
House
Referred to Committee on Ways and Means (
House Journal-page 83
)
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