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S 0655 - Amends the job tax credit law to include professional sports teams

Tracking Level: Of Interest
Sponsor: Harvey Peeler (R)
Last Action: 1/14/2020 - Senate - Recommitted to Committee on Finance
Senate Committee: Fin
Assigned To:
Finance/Revenue/TaxesNext Bill
Week of 03.11.2019Next Bill
Week of 03.11.2019Next Bill
Week of 03.18.2019Next Bill

Staff Analysis of the Legislation

03.20.2019 The Senate Finance Committee gave this bill a favorable report.
03.19.2019 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Amends the job tax credit law to include professional sports teams.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
S 0655 General Bill, By Peeler, Malloy, Climer, Fanning, Gregory and Leatherman
Similar (S 0309, H 4243)
Summary: Professional sports team
    A BILL TO AMEND SECTION 12-6-3360, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE JOB TAX CREDIT, SO AS TO PROVIDE FOR A PROFESSIONAL SPORTS TEAM; TO AMEND SECTION 4-9-30, RELATING TO THE DESIGNATION OF POWERS UNDER THE ALTERNATE FORMS OF GOVERNMENT, SO AS TO PROHIBIT THE LEVY OF COUNTY LICENSE FEES AND TAXES ON A PROFESSIONAL SPORTS TEAM; TO AMEND SECTION 5-7-30, RELATING TO POWERS OF A MUNICIPALITY, SO AS TO PROHIBIT THE LEVY OF A BUSINESS LICENSE TAX ON A PROFESSIONAL SPORTS TEAM; AND BY ADDING SECTION 5-3-20 SO AS TO PROVIDE THAT THE REAL PROPERTY OWNED BY A PROFESSIONAL SPORTS TEAM MAY NOT BE ANNEXED BY A MUNICIPALITY WITHOUT PRIOR WRITTEN CONSENT OF THE PROFESSIONAL SPORTS TEAM.
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03/13/19Senate Introduced and read first time (Senate Journal-page 6)
03/13/19Senate Referred to Committee on Finance (Senate Journal-page 6)
03/21/19Senate Committee report: Favorable Finance (Senate Journal-page 18)
01/14/20Senate Recommitted to Committee on Finance (Senate Journal-page 82)



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