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S 1002 - Tax increment financing for redevelopment projects

Tracking Level: Of Interest
Sponsor: L. Martin
Last Action: 3/8/2012 - Scrivener's error corrected
Senate Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill
Staff: Melissa Carter (mcarter@masc.sc)

Staff Analysis of the Legislation

03.06.12 The Senate Finance committee gave this bill a favorable report as amended by the subcommittee.
02.28.12 The Senate Finance Property Tax subcommittee gave this bill a favorable report.
01.24.12 The Senate Finance committee recommitted this bill to the subcommittee.
01.17.12 The Senate Finance Property Taxation subcommittee gave this bill a favorable report with an amendment. The amendment clarifies that the bill is prospective only.
Summary of the bill as introduced: Requires surplus funds in a tax increment financing redevelopment project to be sent back to the taxing entity.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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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