Legislation Assigned to the Senate Fin Committee (56)

Date of Last Recorded Action: 7/12/2018


H 3516 Increases certain fees and taxes to pay for highway and road repair and maintenance 05.04.2017 The conference committee met and adopted all identical sections of the two bills. Members plan to continue to meet to work on the different sections.03.14.2017 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee and later amended by the full committee to change the car tax structure but yield the same revenue.03.08.2017 The Senate Finance Special Transportation subcommittee gave this bill a favorable report as amended. The amendment raises the gas tax 2 cents every year for 6 years to raise $800 million for roads. The amendment would also cap the gas tax below Georgia and North Carolina's current taxes, it strikes the S.C. DOT governance changes included in the House bill. The amendment also raises car sales taxes and other fees. 03.07.2017 The Senate Finance Special Transportation subcommittee carried this bill over.02.09.2017 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.02.07.2017 The House Ways and Means Legislative subcommittee gave this bill a favorable report as amended. The amendment creates a infrastructure maintenance trust fund for repairs and maintenance only. Summary of the bill as introduced: Increases the motor fuel user fee by 10 cents over five years to pay for highway and road repair and maintenance.
Sponsor: Gary Simrill House Com: WM Senate Com: Fin
Status: Act No. 40 Status Date: 5/25/2017
Keywords: Finance/Revenue/Taxes Transportation Week of 01.16.2017 Week of 02.06.2017 Week of 03.06.2017 Week of 03.13.2017 Week of 05.01.2017
Passed
H 3720 State budget billSummary of the bill as introduced: Makes general appropriations to provide revenues to meet the ordinary expenses of state government for the fiscal year beginning July 1, 2017.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Senate - Veto sustained on certain items: 3, 9, 11, 16, 22 Status Date: 3/14/2018
Keywords: Finance/Revenue/Taxes Week of 03.06.2017
Passed
H 3721 Capital Reserve Fund billSummary of the bill as introduced: Appropriates money from the Capital Reserve Fund for FY 2016-2017.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Act No. 98 Status Date: 7/12/2017
Keywords: Finance/Revenue/Taxes Week of 03.06.2017
Passed
H 3726 Makes changes to the SC Retirement System04.04.2017 The conference committee adopted portions of each version of the bill and passed it out favorably.02.14.2017 The House Ways and Means Legislative subcommittee gave this bill a favorable report. Summary of the bill as introduced: Pays down the unfunded liability of the state retirement system and reduces the assumed annual rate of return from 7.5 percent to 7.25 percent.This bill increases the employer contribution rate for SCRS and PORS by 2 percent effective July 1. It increases the employer contribution 1 percent each year through 2023 ultimately producing an employer rate of 18.56 for SCRS and 21.24 for PORS. It also places a cap of 9 percent on the employee contribution rate effective July 1. There is no reduction in cost of living adjustments for retirees.
Sponsor: William Herbkersman House Com: WM Senate Com: Fin
Status: Act No. 13 Status Date: 4/28/2017
Keywords: Retirement Week of 02.06.2017 Week of 02.13.2017 Week of 04.03.2017
Passed
H 3867 Exempts all property devoted to housing low income residents from property taxes05.02.2017 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee. The full committee also adopted an amendment that freezes property tax on Santee Cooper lease hold properties.04.18.2017 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment only makes technical changes.03.28.2017 The House Ways and Means Committee gave this bill a favorable report.03.08.2017 The House Ways and Means Property Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Exempts all property devoted to housing low income residents from property taxes if the property is owned by an instrumentality of a nonprofit housing corporation.
Sponsor: William Herbkersman House Com: WM Senate Com: Fin
Status: Senate - Roll call Ayes-36 Nays-3 Status Date: 5/10/2018
Keywords: Property Taxes Week of 02.27.2017 Week of 03.06.2017 Week of 03.27.2017 Week of 04.17.2017 Week of 05.01.2017
Of Interest
H 3895 Changes the due date for the municipal financial report to be submitted to the Revenue and Fiscal Affairs office from January to March 1504.24.2018 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.04.17.2018 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment makes only technical changes.03.28.2017 The House Ways and Means Committee gave this bill a favorable report.Summary of the bill as introduced: Changes the financial report reporting date of municipalities to the Revenue and Fiscal Affairs office from January to March 15.
Sponsor: William Herbkersman House Com: WM Senate Com: Fin
Status: Act No. 246 Status Date: 5/31/2018
Keywords: Finance/Revenue/Taxes Week of 03.06.2017 Week of 03.27.2017 Week of 04.16.2018 Week of 04.23.2018
Passed
H 4009 Motorsports Entertainment Complex Investment Act04.24.2018 The Senate Finance Committee gave this bill a favorable report as amended. The amendment only makes technical changes.03.21.2018 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.03.20.2018 The House Ways and Means Economic Development subcommittee gave this bill a favorable report as amended. The amendment changes the agency responsible for the tax exemption from SC Parks, Recreation and Tourism to SC Department of Revenue. The amendment also deletes sections 2 and 3 of the bill. Summary of the bill as introduced: Creates the Motorsports Tourism Incentive Fund to award grants or loans to attract and expand tourism and hospitality projects related to events at these complexes. The bill also increases the admission license tax exemption and removes the time period for the exemption. 
Sponsor: James Lucas House Com: WM Senate Com: Fin
Status: Act No. 257 Status Date: 7/12/2018
Keywords: Finance/Revenue/Taxes Week of 03.19.2018 Week of 03.20.2017 Week of 04.23.2018
Of Interest
H 4950 Makes appropriations and provides revenues for the ordinary expenses of state government for fiscal year 2018-2019Summary of the bill as introduced: Makes appropriations and provides revenues for the ordinary expenses of state government for fiscal year 2018-2019.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Act No. 264 Status Date: 8/9/2018
Keywords: Finance/Revenue/Taxes Week of 03.05.2018
Priority
H 4951 Appropriates monies from the Capital Reserve Fund for fiscal year 2017-2018 Summary of the bill as introduced: Appropriates monies from the Capital Reserve Fund for fiscal year 2017-2018.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Effective date See Act Status Date: 5/23/2018
Keywords: Finance/Revenue/Taxes Week of 03.05.2018
Priority
S 0044 Exempts 80 percent of the fair market value for certain distributed energy resources when calculating property taxes05.02.2017 A House Ways and Means Legislative subcommittee adjourned debate on this bill. 01.17.2017 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee. 01.17.2017 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment allows 100 percent property tax exemption for solar equipment on residential property. Summary of the bill as introduced: Exempts 80 percent of the fair market value of specific distributed energy resources and exempts the value of renewable energy resource from residential property.
Sponsor: Chauncey Gregory House Com: WM Senate Com: Fin
Status: House - Referred to Committee on Ways and Means Status Date: 2/7/2017
Keywords: Property Taxes Senate Week of 01.16.2017 Week of 05.01.2017
Of Interest
S 0050 Allows a person to claim a boat or watercraft as a primary residence for property tax purposesSummary of the bill as introduced: Allows a person to claim a boat or watercraft as a primary residence for property tax purposes.
Sponsor: George Campsen House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Property Taxes Senate
Of Interest
S 0053 Directs the General Assembly to establish a trust fundSummary of the bill as introduced: Proposes an amendment to the state constitution that would allow the General Assembly to establish a trust fund directed through a separate piece of legislation.
Sponsor: George Campsen House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Finance/Revenue/Taxes Senate
Of Interest
S 0054 South Carolina Infrastructure and Economic Development Reform ActSummary of the bill as introduced: Increases the motor fuel user fee by 12 cents as well as other fees and fines.
Sponsor: Sean Bennett House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Finance/Revenue/Taxes Senate Transportation
Of Interest
S 0060 Allows a 100 percent property tax exemption on residential property for owners 70 years old and olderSummary of the bill as introduced: Allows a 100 percent property tax exemption on residential property for owners 70 years old and older and who have made the property a primary residence for 30 years.
Sponsor: Darrell Jackson House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Property Taxes Senate
Of Interest
S 0061 Allows employees and retirees and their dependents of any political subdivision of the state to participate in the state health plan04.19.2017 A House Ways and Means Legislative subcommittee gave this bill a favorable report.01.31.2017 The Senate Finance Committee gave this bill a favorable report.01.18.2017 The Senate Finance Health and Human Services subcommittee gave this bill a favorable report.Summary of the bill as introduced: Allows employees and retirees and their dependents of any political subdivision of the state to participate in the state health plan.
Sponsor: Bradley Hutto House Com: WM Senate Com: Fin
Status: Act No. 43 Status Date: 5/31/2017
Keywords: Health Insurance Senate Week of 01.16.2017 Week of 01.30.2017 Week of 04.17.2017
Passed
S 0063 Changes the funding formula of the Local Government FundSummary of the bill as introduced: Requires the Local Government Fund appropriations to be no less than the greater of the allocation ratio of the latest fiscal year or the average of the allocation ratio of the last five fiscal years.
Sponsor: George Campsen House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Finance/Revenue/Taxes Senate
Priority
S 0064 Imposes an annual limit on state general fund revenues Summary of the bill as introduced: Imposes an annual limit on state general fund revenues available for appropriation by restricting any increase to a percentage that is equal to the average annual percentage change from the previous ten state fiscal years.
Sponsor: George Campsen House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Finance/Revenue/Taxes Senate Spending Caps
Of Interest
S 0068 Clarifies that state law on monuments and memorials does not apply to political subdivisionsSummary of the bill as introduced: Clarifies that state law related to monuments and memorials only applies to property under state governmental jurisdiction and control and does not apply to property under the control of colleges, universities, political subdivisions and school districts.
Sponsor: Darrell Jackson House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: General Governance Senate
Of Interest
S 0070 Local Option Motor Fuel User Fee ActSummary of the bill as introduced: Allows a county to impose by ordinance and approved by a referendum a user feel on retail sales of motor fuel for the sole purpose of road improvement projects and road maintenance within the county.
Sponsor: Sandra Senn House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Finance/Revenue/Taxes Senate Transportation
Of Interest
S 0071 Requires procurement officers to give resident bidders the opportunity to match lowest nonresident bids01.16.2018 The Senate Finance Sales and Income Tax subcommittee carried this bill over. Summary of the bill as introduced: Requires procurement officers to give resident bidders the opportunity to match lowest nonresident bids and to give preference to the resident bidder who matches the lowest nonresident bid.
Sponsor: Katrina Shealy House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/10/2017
Keywords: General Governance Senate Week of 01.15.2018
Of Interest
S 0072 Phases in property tax exemptions for manufacturing propertySummary of the bill as introduced: Phases in a 42.75 percent property tax exemption of the fair market value of manufacturing property over a five year period.
Sponsor: Sean Bennett House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Property Taxes Senate
Of Interest
S 0075 Allows a property owner residing at a nursing home to retain the 4 percent assessment ratio01.31.2017 The Senate Finance Committee gave this bill a favorable report as amended. The amendments strike the phrase 'need to reapply' and adds assisted living facilities.01.24.2017 The Senate Finance Property Taxation subcommittee gave this bill a favorable report as amended. The amendment only makes a technical change. Summary of the bill as introduced: Allows an owner living in a nursing home to retain the 4 percent property tax assessment ratio as long as the owner plans to return to the property, does not have a living spouse and does not receive rental income from the property.
Sponsor: Thomas Young House Com: WM Senate Com: Fin
Status: Referred to Committee on Ways and Means Status Date: 2/8/2017
Keywords: Property Taxes Senate Week of 01.23.2017 Week of 01.30.2017
Of Interest
S 0214 Requires retailers to pay sales tax if an agreement is made to refer customers through the internet04.19.2017 A House Ways and Means Legislative subcommittee gave this bill a favorable report.01.17.2017 The Senate Finance Committee gave this bill a favorable report. 01.17.2017 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report.Summary of the bill as introduced: Requires retailers to collect and remit a sales tax if an agreement is made with a resident of this state to refer customers through the Internet or otherwise for a commission. 
Sponsor: Marlon Kimpson House Com: WM Senate Com: Fin
Status: Referred to Committee on Ways and Means Status Date: 2/15/2017
Keywords: General Governance Week of 01.09.2017 Week of 01.16.2017 Week of 04.17.2017
Of Interest
S 0233 Allows Rural Infrastructure Fund grants to be awarded to certain municipalities and countiesSummary of the bill as introduced:Allows Rural Infrastructure Fund grants to be awarded to certain counties with a population less than 40,000 residents and municipalities located in counties with a population less than 40,000 residents.
Sponsor: Shane Massey House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: Finance/Revenue/Taxes Week of 01.09.2017
Of Interest
S 0281 Allows for the applicability of roll-back taxes to property that is no longer used as agricultural Summary of the bill as introduced: Allows for the applicability of roll-back taxes to property that is no longer used as agricultural property.
Sponsor: Shane Massey House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 1/24/2017
Keywords: Property Taxes Week of 01.23.2017
Of Interest







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