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S 0626 - Exempts 80 percent of the fair market value of property taxes on a renewable energy resource

Tracking Level: Of Interest
Sponsor: Chauncey Gregory
Last Action: 6/2/2016 - Senate - Returned to House with amendments
Senate Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation
05.18.2016 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.
05.17.2016 The House Ways and Means Revenue Policy subcommittee gave this bill a favorable report as amended. The amendment includes property owned by the Pinewood Site Custodial Trust as eligible for the income tax credit for certain solar energy property.
04.21.2016 The House Judiciary Constitutional Laws subcommittee carried this bill over.
02.16.2016 The Senate Finance Committee gave this bill a favorable report as amended. The amendment changes the effective date from 2015 to 2016.
05.19.2015 The Senate Finance Committee carried this bill over.
05.12.2015 The Senate Finance Property Taxation subcommittee gave this bill a favorable report with an amendment. As soon as the amendment is available, it will be posted.
Summary of the bill as introduced: Exempts 80 percent of the fair market value of a renewable energy resource for 10 years.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
S 0626 General Bill, By Gregory, Hayes and Reese
Summary: Property tax exemption
    A BILL TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT EIGHTY PERCENT OF THE FAIR MARKET VALUE OF A RENEWABLE ENERGY RESOURCE FOR A PERIOD OF TEN YEARS PROVIDED THE PROPERTY IS OPERATIONAL BY DECEMBER 31, 2020, AND TO EXEMPT A DISTRIBUTED RENEWABLE ENERGY GENERATION PROPERTY FOR RESIDENTIAL USE.
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03/26/15Senate Introduced and read first time (Senate Journal-page 11)
03/26/15Senate Referred to Committee on Finance (Senate Journal-page 11)
02/17/16Senate Committee report: Favorable with amendment Finance (Senate Journal-page 8)
03/01/16Senate Committee Amendment Amended and Adopted (Senate Journal-page 7)
03/01/16Senate Read second time (Senate Journal-page 7)
03/01/16Senate Roll call Ayes-32 Nays-0 (Senate Journal-page 7)
03/02/16Senate Read third time and sent to House (Senate Journal-page 10)
03/03/16House Introduced and read first time (House Journal-page 12)
03/03/16House Referred to Committee on Judiciary (House Journal-page 12)
05/03/16House Recalled from Committee on Judiciary (House Journal-page 22)
05/03/16House Recommitted to Committee on Ways and Means (House Journal-page 22)
05/19/16House Committee report: Favorable with amendment Ways and Means (House Journal-page 107)
05/20/16 Scrivener's error corrected
05/26/16House Debate adjourned until Tues., 5-31-16 (House Journal-page 76)
05/31/16House Requests for debate-Rep(s). Bedinfield, Forrester, Atwater, Hiott, Hixon, Sandifer, Rhyal, Hardee, Hill, Merrill, Rivers, Johnson, Yow, Taylor, (House Journal-page 11)
05/31/16House Amended (House Journal-page 50)
05/31/16House Read second time (House Journal-page 50)
05/31/16House Roll call Yeas-54 Nays-36 (House Journal-page 50)
06/01/16 Scrivener's error corrected
06/01/16House Read third time and returned to Senate with amendments (House Journal-page 99)
06/02/16Senate House amendment amended (Senate Journal-page 90)
06/02/16Senate Returned to House with amendments (Senate Journal-page 90)


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