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S 0954 - Requires legislation containing tax incentives receive a report from Department of Commerce

Tracking Level: Of Interest
Sponsor: S. Martin
Last Action: 6/2/2011 - Referred to Committee on Finance
Senate Committee:
Assigned To:
04.09.12Next Bill
05.28.12Next Bill
05.30.11Next Bill

Staff Analysis of the Legislation

05.30.12 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report.
04.12.12 The Senate Finance Sales and Income Taxation subcommittee carried this bill over.
Summary of the bill as introduced: Prevents legislation providing tax incentives or subsidies from receiving second reading in the House or Senate without an economic analysis report by the Department of Commerce.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
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Session 119 - (2011-2012)
S 0954 General Bill, By S. Martin, Rose, Cleary, Bright, Lourie, Campsen, Courson, Malloy, Bryant, Fair, Nicholson, Land, Peeler, Sheheen, Anderson, Verdin, Hayes, Davis, Massey, Shoopman, Gregory and Thomas
Summary: Legislative Bills
    A BILL TO AMEND CHAPTER 2, TITLE 12 OF THE 1976 CODE, BY ADDING SECTION 12-2-110 TO PROVIDE THAT LEGISLATION PROVIDING TAX INCENTIVES OR SUBSIDIES MAY NOT RECEIVE SECOND READING IN EITHER HOUSE WITHOUT AN ECONOMIC ANALYSIS REPORT BY THE DEPARTMENT OF COMMERCE AND TO DETAIL THE REQUIREMENTS OF THE REPORT.
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06/02/11Senate Introduced and read first time (Senate Journal-page 3)
06/02/11Senate Referred to Committee on Finance (Senate Journal-page 3)









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