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.
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South Carolina Legislature Mobile
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
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.View full text