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S 1021 - Extends the SC Abandoned Buildings Revitalization Act to 2035

Tracking Level: Priority
Sponsor: Thomas Davis (R)
Last Action: 4/25/2024 - House - Committee report: Favorable with amendment Ways and Means
Senate Committee: Fin
House Committee: WM
Assigned To:
Economic DevelopmentNext Bill

Staff Analysis of the Legislation
04.25.2024 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.
04.16.2024 The House Ways and Means Economic Development subcommittee gave this bill a favorable report as amended. The amendment adds language from H3737, the Shortline Railroad Modernization Act. 
02.27.2024 The Senate Finance Committee gave this bill a favorable report.
02.20.2024 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Extends the SC Abandoned Buildings Revitalization Act to 2035 and increases the amount of the maximum earned tax credit.

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
S 1021 General Bill, By Davis, Matthews and Campsen
Summary: Abandoned buildings tax credit
    A BILL TO EXTEND THE PROVISIONS OF THE SOUTH CAROLINA ABANDONED BUILDINGS REVITALIZATION ACT TO 2035; AND TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-67-140, RELATING TO THE ABANDONED BUILDINGS TAX CREDIT, SO AS TO INCREASE THE AMOUNT OF THE MAXIMUM TAX CREDIT THAT MAY BE EARNED.
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02/06/24Senate Introduced and read first time (Senate Journal-page 4)
02/06/24Senate Referred to Committee on Finance (Senate Journal-page 4)
02/28/24Senate Committee report: Favorable Finance (Senate Journal-page 15)
03/01/24 Scrivener's error corrected
03/19/24Senate Read second time (Senate Journal-page 17)
03/19/24Senate Roll call Ayes-42 Nays-0 (Senate Journal-page 17)
03/20/24Senate Read third time and sent to House (Senate Journal-page 11)
03/21/24House Introduced and read first time (House Journal-page 19)
03/21/24House Referred to Committee on Ways and Means (House Journal-page 19)
04/25/24House Committee report: Favorable with amendment Ways and Means (House Journal-page 19)


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