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H 3824 - Adds electricity to the definition of alternative fuel

Tracking Level: Of Interest
Sponsor: Brandon Newton
Last Action: 5/11/2023 - Senate - Referred to Committee on Finance
House Committee: WM
Senate Committee: Fin
Assigned To:
ElectricNext Bill

Staff Analysis of the Legislation

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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Session 125 - (2023-2024)Printer Friendly
(pdf format)
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".
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01/26/23House Introduced and read first time (House Journal-page 7)
01/26/23House Referred to Committee on Ways and Means (House Journal-page 7)
02/07/23House Member(s) request name added as sponsor: Pope, Pendarvis
02/09/23House Member(s) request name added as sponsor: M.M.Smith
02/15/23House Member(s) request name added as sponsor: Bauer
02/22/23House Member(s) request name added as sponsor: Hyde, Guest
04/26/23House Member(s) request name added as sponsor: Stavrinakis
05/04/23House Committee report: Favorable Ways and Means (House Journal-page 4)
05/09/23House Debate adjourned (House Journal-page 23)
05/10/23House Member(s) request name added as sponsor: Caskey
05/10/23House Member(s) request name removed as sponsor: Haddon
05/10/23House Read second time (House Journal-page 29)
05/10/23House Roll call Yeas-92 Nays-16 (House Journal-page 29)
05/11/23House Read third time and sent to Senate (House Journal-page 21)
05/11/23Senate Introduced and read first time (Senate Journal-page 9)
05/11/23Senate Referred to Committee on Finance (Senate Journal-page 9)



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