Legislation Assigned to the Senate Fin Committee (36)

Date of Last Recorded Action: 4/26/2024


H 3425 Removes the SC Police Officers Retirement System and SC Retirement System earnings limitation upon returning to work in certain circumstances05.04.2023 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.04.25.2023 The House Ways and Means General Government subcommittee gave this bill a favorable report as amended. The amendment made only technical changes.Summary of the bill as introduced: Removes the SC Police Officers Retirement System and SC Retirement System earnings limitation upon returning to work after 12 consecutive months away from work.
Sponsor: Thomas Pope House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 5/23/2023
Keywords: House Retirement
Of Interest
H 3604 Authorizes the expenditure of funds from the state disbursement of the American Rescue Plan Act of 202101.12.2023 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee. The full committee added an amendment that clarifies that ARPA funds received by the SC Office of Resilience pursuant to Act 244, continue to be used in the manner in which they were approved.01.12.2023 The House Ways and Means Revenue Policy subcommitte gave this bill a favorable report as amended. The amendment includes $586.6 million to the SC Rural Infrastructure Authority to continue the SC Infrastructure Investment Program and $500 million from the contingency reserve fund to the SC Department of Commerce for infrastructure funding related to economic development projects that were approved by the Joint Bond Review Committee and the State Fiscal Accountability Authority. Summary of the bill as introduced: Authorizes the expenditure of funds from the state disbursement of the American Rescue Plan Act of 2021 and the contingency reserve fund.
Sponsor: Bruce Bannister House Com: WM Senate Com: Fin
Status: Act No. 3 Status Date: 3/23/2023
Keywords: Finance/Revenue/Taxes
Passed
H 3750 Adds planning for repairs to bridges, highways, roads and the state's rights of way to exemptions from the state procurement codeSummary of the bill as introduced: Adds planning for repairs to bridges, highways, roads and other improvements to the state's rights of way to the list of exemptions from the state procurement code.
Sponsor: Shannon Erickson House Com: EdPW Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 3/8/2023
Keywords: General Governance
Of Interest
H 3824 Adds electricity to the definition of alternative fuel05.04.2023 The House Ways and Means Committee gave this bill a favorable report.04.26.2023 The House Ways and Means Sales, Use and Income Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Adds electricity to the definition of alternative fuel for the purposes of an income tax credit equal to 25 percent of the cost of purchasing, constructing and installing the eligible property.
Sponsor: Brandon Newton House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 5/11/2023
Keywords: Electric
Of Interest
H 3948 Creates a property tax exemption for certain renewable energy resource properties 05.04.2023 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.04.27.2023 The House Ways and Means Property Tax subcommittee gave this bill a favorable report as amended. The amendment prevents solar farms from benefiting from the exemption.Summary of the bill as introduced: Creates a property tax exemption for certain renewable energy resource properties.
Sponsor: Nathan Ballentine House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 5/11/2023
Keywords: Environment Utilities
Of Interest
H 4118 Increases the amount of the community development tax credit and extends the sunset provision Summary of the bill as introduced: Increases the amount of the community development tax credit and extends the sunset provision until June 30, 2029.
Sponsor: David Weeks House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 4/6/2023
Keywords: Finance/Revenue/Taxes
Of Interest
H 4294 Allows the governing body of a rural county to suspend the millage cap limitation to support a fire protection district 03.21.2024 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.03.19.2024 The House Ways and Means Property Tax subcommittee gave this bill a favorable report as amended. The amendment calculates population by the previous census and places a 2% cap on the overall fire district's budget.Summary of the bill as introduced: Allows the governing body of a rural county to suspend the millage cap limitation to support a fire protection district.
Sponsor: Benjamin Connell House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 4/2/2024
Keywords: Finance/Revenue/Taxes
Of Interest
H 4300 Makes appropriations and provides revenues to meet the ordinary expenses of state government for the Fiscal Year beginning July 1, 202304.04.2023 The Senate Finance Committee gave this bill a favorable report.Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses of state government for the Fiscal Year beginning July 1, 2023.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: House - Vetos 1 -11 continued Status Date: 2/6/2024
Keywords: Finance/Revenue/Taxes
Priority
H 4301 Appropriates money from the Capital Reserve Fund for Fiscal Year 2022-202304.04.2023 The Senate Finance Committee gave this bill a favorable report.Summary of the bill as introduced: Appropriates money from the Capital Reserve Fund for Fiscal Year 2022-2023.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Act No. 86 Status Date: 7/6/2023
Keywords: Finance/Revenue/Taxes
Priority
H 4548 Exempts retired members of the SC Retirement System from the earnings limitation if they return to work as a school bus driverSummary of the bill as introduced: Exempts retired members of the SC Retirement System from the earnings limitation if they return to work as a school bus driver.
Sponsor: Melissa Oremus House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 4/2/2024
Keywords: Employment/Personnel House Retirement
Of Interest
H 4720 Continues to fund the operations of state government if the fiscal year begins without a General Appropriations Act02.27.2024 The Senate Finance Committee gave this bill a favorable report.02.06.2024 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Continues to fund the operations of state government if the fiscal year begins without a General Appropriations Act.
Sponsor: Bruce Bannister House Com: Senate Com: Fin
Status: Senate - Read third time and enrolled Status Date: 3/20/2024
Keywords: Finance/Revenue/Taxes
Priority
H 4912 Allows certain civilian employees of the U.S. Department of Defense to continue to claim the special 4% assessment ratio03.21.2024 The House Ways and Means Property Tax subcommittee gave this bill a favorable report as amended. The amendments change the way the state assesses commercial aircraft and prohibits counties from asking for a tax return to prove 4% residency.03.19.2024 The House Ways and Means Property Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Allows certain civilian employees of the US Department of Defense to continue to claim the special four percent assessment ratio on property when the civilian receives orders for a change of station.
Sponsor: Christopher Murphy House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 4/2/2024
Keywords: Finance/Revenue/Taxes Property Taxes
Of Interest
H 5016 Directs the governor to appoint the state auditor with the advice and consent of the Senate03.26.2024 The House Judiciary Committee gave this bill a favorable report.03.21.2024 The House Judiciary Constitutional Laws subcommittee gave this bill a favorable report.Summary of the bill as introduced: Directs the governor to appoint the state auditor with the advice and consent of the Senate.
Sponsor: Brandon Newton House Com: Judy Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 4/2/2024
Keywords: General Governance
Of Interest
H 5100 Makes appropriations and provides revenues to meet the ordinary expenses of state government beginning July 1, 2024Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses of state government beginning July 1, 2024.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Senate - Roll call Ayes-45 Nays-0 Status Date: 4/24/2024
Keywords: Finance/Revenue/Taxes
Priority
H 5101 Appropriates monies from the Capital Reserve Fund for Fiscal Year 2023-2024Summary of the bill as introduced: Appropriates monies from the Capital Reserve Fund for Fiscal Year 2023-2024.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Senate - Read third time and returned to House with amendments Status Date: 4/25/2024
Keywords: Finance/Revenue/Taxes
Priority
S 0030 Enacts the I-95 Corridor Authority ActSummary of the bill as introduced: Establishes the I-95 Corridor Authority to carry out economic development, health, and educational improvement activities that will improve the economic conditions in its member counties.
Sponsor: Bradley Hutto House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/10/2023
Keywords: Economic Development Senate
Of Interest
S 0031 Allows municipalities with less than $500,000 in total revenues to provide a compilation of financial statements03.30.2023 The House Ways and Means Committee adopted an amendment to the bill and adjourned debate to a later date. The amendment changes the Comptroller General to Treasurer and decreases the extension to 90 days.03.28.2023 The House Ways and Means General Government subcommittee gave this bill a favorable report as amended. The amendment allows the Comptroller General to give counties a 180 day extension to submit an audit.02.21.2023 The Senate Finance Committee gave this bill a favorable report.02.14.2023 The Senate Finance Property Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Allows municipalities with less than $500,000 in total revenues to provide a compilation of financial statements instead of an independent audit of financial records. 
Sponsor: Bradley Hutto House Com: WM Senate Com: Fin
Status: Act No. 71 Status Date: 6/8/2023
Keywords: Advocacy Initiatives 2023 Finance/Revenue/Taxes Senate
Priority
S 0108 Provides a death benefit for law enforcement officers killed in the line of duty05.04.2023 The House Ways and Means Committee gave this bill a favorable report as amended by subcommittee. 04.25.2023 The House Ways and Means General Government subcommittee gave this bill a favorable report.Summary of the bill as introduced: Provides a death benefit for law enforcement officers killed in the line of duty.
Sponsor: Thomas Davis House Com: WM Senate Com: Fin
Status: Act No. 75 Status Date: 6/26/2023
Keywords: Employment/Personnel Health Insurance Police Retirement
Of Interest
S 0231 Removes the maximum allowable amount for a municipal privilege or license tax on railroads02.22.2024 The Senate Finance Property Taxation subcommittee carried this bill over.Summary of the bill as introduced: Removes the maximum allowable amount for a municipal privilege or license tax on railroads.
Sponsor: Richard Harpootlian House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/10/2023
Keywords: Business License Finance/Revenue/Taxes Senate
Of Interest
S 0239 Increases the amount of time a police officer retiree must be retired before returning to workSummary of the bill as introduced: Increases the amount of time a police officer retiree must be retired before returning to work from 30 to 90 days. The bill also removes the current earnings limitation. 
Sponsor: Brian Adams House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/10/2023
Keywords: Police Retirement Senate
Of Interest
S 0284 Allows local accommodations and hospitality taxes to be used for the development of workforce housing05.02.2023 The House Ways and Means Licenses, Fees, Insurance Tax and Other Charges subcommittee gave this bill a favorable report as amended. The amendment deletes references to hospitality taxes, imposes an annual 15% cap on the amount of accommodations taxes used, includes a seven year sunset and requires a report to the General Assembly.04.25.2023 The House Ways and Means Licenses, Fees, Insurance Tax and Other Charges subcommittee adjourned debate on this bill.03.21.2023 The Senate Finance Committee gave this bill a favorable report.03.14.2023 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Allows local accommodations and hospitality taxes to be used for the development of workforce housing.
Sponsor: Thomas Davis House Com: WM Senate Com: Fin
Status: Act No. 57 Status Date: 5/26/2023
Keywords: Accommodations/Hospitality Taxes Senate
Passed
S 0527 Withholds all Local Government Fund disbursements from counties and municipalities that relocate or remove certain monumentsSummary of the bill as introduced: Withholds all Local Government Fund disbursements from counties and municipalities that relocate or remove certain monuments. This bill also requires any member of a municipal or county council that votes in favor of removing a monument is guilty of misconduct in office.
Sponsor: Danny Verdin House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 2/9/2023
Keywords: General Governance
Of Interest
S 0542 Enacts the SC Commercial Property Assessed Clean Energy and Resilience Act04.17.2024 The House Labor, Commerce and Industry Business and Commerce subcommittee gave this bill a favorable report as amended. The amendment only makes technical changes.04.13.2023 The Senate Labor, Commerce and Industry Committee gave this bill a favorable report.03.29.2023 The Senate Labor, Commerce and Industry Labor and Employment subcommittee gave this bill a favorable report as amended. The amendment deletes a section that is no longer needed.Summary of the bill as introduced: Establishes the C-PACE program that local governments can voluntarily implement to offer low-cost, long-term financing for qualifying improvements to increase sustainability and decrease energy and water costs.
Sponsor: Thomas Davis House Com: LCI Senate Com: Fin
Status: House - Referred to Committee on Labor, Commerce and Industry Status Date: 5/2/2023
Keywords: Environment
Of Interest
S 0562 Expands the utilization of transportation sales tax programsSummary of the bill as introduced: Expands the utilization of transportation sales tax programs to include public transit systems.
Sponsor: Thomas Davis House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 2/22/2023
Keywords: Sales Taxes Transportation
Of Interest
S 0604 Authorizes the expenditure of funds from the state disbursement of the American Rescue Plan Act of 202103.30.2023 The House Ways and Means Committee gave this bill a favorable report as amended. The amendment clarifies that the Office of Resilience and ARPA money and rules do not change in this bill.Summary of the bill as introduced: Authorizes the expenditure of funds from the state disbursement of the American Rescue Plan Act of 2021 and the contingency reserve fund. The bill also allocates $586 million to the Rural Infrastructure Authority to fund applications received under the SC Infrastructure Investment Program. 
Sponsor: Harvey Peeler House Com: WM Senate Com: Fin
Status: Act No. 6 Status Date: 4/25/2023
Keywords: Finance/Revenue/Taxes
Passed






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