Staff Analysis of the Legislation
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05.04.2023 The House Ways and Means Committee gave this bill a favorable report. 04.26.2023 The House Ways and Means Sales, Use and Income Tax subcommittee gave this bill a favorable report. Summary of the bill as introduced: Adds electricity to the definition of alternative fuel for the purposes of an income tax credit equal to 25 percent of the cost of purchasing, constructing and installing the eligible property. |
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H 3824 General Bill, By B. Newton, W. Newton, Ballentine, Wetmore, Tedder, Carter, Pope, Pendarvis, M.M. Smith, Bauer, Hyde, Guest, Stavrinakis and Caskey Summary: Alternative Fuel Tax Credit A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3695, RELATING TO THE ALTERNATIVE FUEL PROPERTY INCOME TAX CREDIT, SO AS TO PROVIDE FOR CERTAIN LEASES, TO ADD ELECTRICAL EQUIPMENT TO THE DEFINITION OF "ELIGIBLE PROPERTY", AND TO ADD ELECTRICITY TO THE DEFINITION OF "ALTERNATIVE FUEL". View full text View Vote History View Fiscal Impact01/26/23 | House | Introduced and read first time (House Journal-page 7) | 01/26/23 | House | Referred to Committee on Ways and Means (House Journal-page 7) | 02/07/23 | House | Member(s) request name added as sponsor: Pope, Pendarvis | 02/09/23 | House | Member(s) request name added as sponsor: M.M.Smith | 02/15/23 | House | Member(s) request name added as sponsor: Bauer | 02/22/23 | House | Member(s) request name added as sponsor: Hyde, Guest | 04/26/23 | House | Member(s) request name added as sponsor: Stavrinakis | 05/04/23 | House | Committee report: Favorable Ways and Means (House Journal-page 4) | 05/09/23 | House | Debate adjourned (House Journal-page 23) | 05/10/23 | House | Member(s) request name added as sponsor: Caskey | 05/10/23 | House | Member(s) request name removed as sponsor: Haddon | 05/10/23 | House | Read second time (House Journal-page 29) | 05/10/23 | House | Roll call Yeas-92 Nays-16 (House Journal-page 29) | 05/11/23 | House | Read third time and sent to Senate (House Journal-page 21) | 05/11/23 | Senate | Introduced and read first time (Senate Journal-page 9) | 05/11/23 | Senate | Referred to Committee on Finance (Senate Journal-page 9) |
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