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S 0694 -
Requires the minimum investment for a qualified recycling facility be at least $100 million and define postconsumer waste material
Tracking Level:
Of Interest
Sponsor:
Scott Talley
Last Action:
3/29/2023 - Senate - Referred to Committee on Finance
Senate Committee:
Fin
Assigned To:
Environment
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Staff Analysis of the Legislation
Summary of the bill as introduced
: Requires the minimum investment for a qualified recycling facility be at least $100 million and define postconsumer waste material.
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Session 125 - (2023-2024)
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S 0694 General Bill, By
Talley
Summary:
Qualified Recycling
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3460, RELATING TO DEFINITIONS FOR THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO PROVIDE THAT THE MINIMUM LEVEL OF INVESTMENT FOR A QUALIFIED RECYCLING FACILITY MUST BE AT LEAST ONE HUNDRED MILLION DOLLARS AND TO PROVIDE THAT BATTERIES, SOLAR PANELS, TURBINES, AND RELATED STRUCTURES MAY BE DEFINED AS POSTCONSUMER WASTE MATERIAL; AND BY AMENDING SECTION 12-6-3360, RELATING TO JOB TAX CREDITS SO AS TO INCENTIVIZE ELIGIBLE BUSINESSES TO CONDUCT BUSINESS IN OR EXPAND TO THIS STATE FOR THE PURPOSE OF PRODUCTION OF VARIOUS TECHNOLOGIES.
View full text
03/29/23
Senate
Introduced and read first time (
Senate Journal-page 5
)
03/29/23
Senate
Referred to Committee on Finance (
Senate Journal-page 5
)
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