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S 1125 - Deletes a provision that limits the textile communities revitalization income tax credit to 50 percent

Tracking Level: Of Interest
Sponsor: Glenn Reese
Last Action: 4/13/2016 - House - Referred to Committee on Ways and Means
Senate Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

03.22.2016 The Senate Finance Committee gave this bill a favorable report.
03.15.2016 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Deletes a provision that limits the textiles communities revitalization income tax credit to 50 percent.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
S 1125 General Bill, By Reese
Similar (H 5009)
Summary: Textiles communities revitalization income tax credit
    A BILL TO AMEND SECTION 12-65-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TEXTILES COMMUNITIES REVITALIZATION INCOME TAX CREDIT, SO AS TO DELETE A PROVISION THAT LIMITS THE CREDIT TO FIFTY PERCENT OF CERTAIN LIABILITY.
View full text          View Vote History          View Fiscal Impact
02/25/16Senate Introduced and read first time (Senate Journal-page 6)
02/25/16Senate Referred to Committee on Finance (Senate Journal-page 6)
03/23/16Senate Committee report: Favorable Finance (Senate Journal-page 12)
04/07/16Senate Read second time (Senate Journal-page 21)
04/07/16Senate Roll call Ayes-32 Nays-1 (Senate Journal-page 21)
04/12/16Senate Read third time and sent to House (Senate Journal-page 13)
04/13/16House Introduced and read first time (House Journal-page 5)
04/13/16House Referred to Committee on Ways and Means (House Journal-page 5)



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