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H 3049 - SC Economic Development Tax Incentive Evaluation Act of 2014

Tracking Level: Of Interest
Sponsor: Laurie Funderburk
Last Action: 1/21/2015 - House - Member(s) request name added as sponsor: Thayer
House Committee:
Assigned To:
Economic DevelopmentNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Requires the SC Department of Revenue to complete a study every four years to assess the impact, including both the economic benefits and financial cost, of economic development tax incentives.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
H 3049 General Bill, By Funderburk, G.R. Smith, Cobb-Hunter, M.S. McLeod and Thayer
Summary: S.C. Economic Development Tax Incentive Evaluation Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, TO ENACT THE "SOUTH CAROLINA ECONOMIC DEVELOPMENT TAX INCENTIVE EVALUATION ACT OF 2014" BY ADDING CHAPTER 70 TO TITLE 12 SO AS TO REQUIRE THE DEPARTMENT OF REVENUE TO COMPLETE A STUDY EVERY FOUR YEARS TO ASSESS THE IMPACT, INCLUDING BOTH THE ECONOMIC BENEFITS AND THE FINANCIAL COST, OF ECONOMIC DEVELOPMENT TAX INCENTIVES.
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12/11/14House Prefiled
12/11/14House Referred to Committee on Ways and Means
01/13/15House Introduced and read first time (House Journal-page 78)
01/13/15House Referred to Committee on Ways and Means (House Journal-page 78)
01/21/15House Member(s) request name added as sponsor: Thayer



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