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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.

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