Legislation Assigned to the Senate Fin Committee (27)

Date of Last Recorded Action: 12/6/2017


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: Act No. 97 Status Date: 6/21/2017
Keywords: Finance/Revenue/Taxes Week of 03.06.2017
Priority
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
Priority
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: Scrivener's error corrected Status Date: 5/10/2017
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
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: 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 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: 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 bidsSummary 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: Referred to Committee on Finance Status Date: 1/10/2017
Keywords: General Governance Senate
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
S 0364 Allows county and municipal governments to increase building permit feesSummary of the bill as introduced: Allows county and municipal governments to increase building permit fees up to ten percent and requires the county or municipality to use the money collected from the increase in fees toward affordable housing programs.
Sponsor: Marlon Kimpson House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 2/7/2017
Keywords: Finance/Revenue/Taxes Week of 02.06.2017
Of Interest
S 0384 Creates the Rural Roads FundSummary of the bill as introduced: Increases the motor fuel user fee eight cents over four years and creates the Rural Roads Fund for road and bridge maintenance.
Sponsor: Vincent Sheheen House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 2/8/2017
Keywords: Transportation Week of 02.06.2017
Of Interest
S 0394 Makes changes to the state retirement system benefits and contributions02.21.2017 The Senate Finance Committee gave this bill a favorable report as amended. The amendment makes Public Employment Benefit Authority actuaries' information shareable with the Retirement System Investment Commission. Summary of the bill as introduced: Reduces the assumed annual rate of return from 7.5 percent to 7.25 percent. It increases the employer contribution rate for SCRS and PORS 2 percent effective July 1. Then increases one percent each year through 2023. The bill also places a cap on employee contribution rate effective July 1 to nine percent. There is no reduction in cost of living adjustments.
Sponsor: Vincent Sheheen House Com: Senate Com: Fin
Status: Referred to Committee on Ways and Means Status Date: 3/7/2017
Keywords: Retirement Week of 02.06.2017 Week of 02.20.2017
Of Interest
S 0395 Exempts the first $25,000 of value of a personal motor vehicle owned or leased by a person 65 years old or olderSummary of the bill as introduced: Exempts the first $25,000 of value of a personal motor vehicle owned or leased by a person 65 years old or older and a resident of the state for at least a year.
Sponsor: Glenn Reese House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 2/9/2017
Keywords: Property Taxes Week of 02.06.2017
Of Interest
S 0426 Municipal Tax Relief ActSummary of the bill as introduced: Allows a municipality to impose a sales tax, through a referendum, not to exceed one percent, for municipal tax relief and for certain authorized projects.
Sponsor: Greg Hembree House Com: Senate Com: Fin
Status: Referred to Committee on Finance Status Date: 2/16/2017
Keywords: Finance/Revenue/Taxes Week of 02.13.2017
Priority







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