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H 3460 - Allows a municipality to impose a one-time impact fee on a private developer for new residential and commercial units

Tracking Level: Of Interest
Sponsor: Leola Robinson-Simpson (D)
Last Action: 1/8/2019 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
General GovernanceNext Bill
Week of 01.07.2019Next Bill
Week of 03.04.2019Next Bill

Staff Analysis of the Legislation

03.06.2019 The House Ways and Means General Government subcommittee adjourned debate on this bill.
Summary of the bill as introduced: Allows a municipality to impose a one-time impact fee on a private developer for new residential and commercial units constructed in the municipality. The bill further requires revenue from the impact fees to fund the SC Gentrification Trust Fund.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
H 3460 General Bill, By Robinson
Summary: SC Gentrification Trust Fund created
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-175 SO AS TO AUTHORIZE THE GOVERNING BODY OF A COUNTY OR MUNICIPALITY TO IMPOSE A ONE-TIME IMPACT FEE ON A PRIVATE DEVELOPER FOR EACH NEW RESIDENTIAL AND COMMERCIAL UNIT CONSTRUCTED BY THE DEVELOPER WITHIN THE COUNTY OR MUNICIPALITY, TO PROVIDE THAT THE FUNDS MAY BE USED ONLY TO FUND THE SOUTH CAROLINA GENTRIFICATION TRUST FUND AND TO PROVIDE THAT A DEVELOPER WHO DEDICATES AT LEAST FIFTEEN PERCENT OF THE HOUSING DEVELOPMENT TO LOW INCOME HOUSING IS EXEMPT FROM THE IMPACT FEE; BY ADDING SECTION 11-11-250 SO AS TO CREATE THE "SOUTH CAROLINA GENTRIFICATION TRUST FUND" TO PROVIDE FINANCIAL ASSISTANCE FOR RELOCATION TO LOW INCOME AND FIXED INCOME INDIVIDUALS, CHURCHES, AND GROUPS ADVERSELY IMPACTED AND DISPLACED BY GENTRIFICATION, AND TO PROVIDE THAT EACH YEAR THE GENERAL ASSEMBLY SHALL APPROPRIATE FIVE MILLION DOLLARS; AND TO AMEND SECTION 12-6-5060, RELATING TO VOLUNTARY CONTRIBUTIONS MADE BY AN INDIVIDUAL BY MEANS OF THE INCOME TAX RETURN CHECK OFF, SO AS TO ADD THE "SOUTH CAROLINA GENTRIFICATION TRUST FUND".
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01/08/19House Introduced and read first time (House Journal-page 250)
01/08/19House Referred to Committee on Ways and Means (House Journal-page 250)



Legislative Services Agency
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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