Legislation Assigned to the Senate Fin Committee (59)

Date of Last Recorded Action: 6/29/2020


H 3137 Changes the funding formula of the Local Government Fund04.09.2019 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.04.09.2019 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment allows an increase or decrease capped at five percent beginning in FY2021.01.29.2019 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.01.24.2019 The House Ways and Means General Government Legislative subcommittee gave this bill a favorable report as amended. The amendment deletes the language that changes the name of the Local Government Fund and keeps the city portion of the LGF at 16.7222 percent instead of the 17 percent in the bill. Summary of the bill as introduced: Changes the name of the Local Government Fund to the Local Government Revenue Sharing Fund and requires the Fund for the upcoming fiscal year to increase by the same percentage that the state general fund is projected to increase, not to exceed five percent compared to the appropriation in the current fiscal year.
Sponsor: Murrell Smith House Com: WM Senate Com: Fin
Status: Act No. 84 Status Date: 6/10/2019
Keywords: Finance/Revenue/Taxes House Week of 01.21.2019 Week of 01.28.2019 Week of 04.08.2019
Priority
H 3411 Makes appropriations and provides revenues to meet the ordinary expenses for FY 2020-2021Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses for FY 2020-2021.
Sponsor: Garry Smith House Com: WM Senate Com: Fin
Status: Act No. 135 Status Date: 5/19/2020
Keywords: Finance/Revenue/Taxes House
Priority
H 3485 Makes appropriations and provides revenues to meet the ordinary expenses for FY 2020-2021Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses for FY 2020-2021.
Sponsor: Joseph Jefferson House Com: WM Senate Com: Fin
Status: House - Roll call Yeas-107 Nays-0 Status Date: 4/8/2020
Keywords: Finance/Revenue/Taxes Week of 01.07.2019
Priority
H 3596 Limits rollback taxes to one year when land that is classified as agricultural real property is applied to another use01.21.2020 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.01.21.2020 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment updates the effective date.03.26.2019 The House Ways and Means Committee gave this bill a favorable report.03.19.2019 The House Ways and Means Property Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Limits rollback taxes to one year when land that is classified as agricultural real property is applied to another use.
Sponsor: Steven Long House Com: WM Senate Com: Fin
Status: Senate - Amendment Reconsidered Status Date: 3/11/2020
Keywords: Property Taxes Week of 01.14.2019 Week of 01.20.2020 Week of 03.18.2019 Week of 03.25.2019
Of Interest
H 3620 Removes the state retirement systems' $10,000 earnings limitation on return-to-work retirees who retired before January 2, 201905.02.2019 The Senate Finance Retirement Systems subcommittee gave this bill a favorable report as amended. The amendment extends the break in service requirement from one year to two years before returning to work without an earnings cap.04.10.2019 The Senate Finance Retirement Systems subcommittee carried this bill over.03.26.2019 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.03.26.2019 The House Ways and Means General Government subcommittee gave this bill a favorable report as amended. The amendment strikes the current language in the bill and adds a required 12-month break in service before returning to work with the earnings cap. The amendment also gives PEBA the authority to review return-to-work retirees for fraud.Summary of the bill as introduced: Removes the state retirement systems' $10,000 earnings limitation on employees returning to covered employment who retired before January 2, 2019.
Sponsor: Thomas Pope House Com: WM Senate Com: Fin
Status: Scrivener's error corrected Status Date: 4/3/2019
Keywords: Retirement Week of 01.14.2019 Week of 03.25.2019 Week of 04.08.2019 Week of 04.29.2019
Of Interest
H 3984 Allows an employer to choose to pay all or a portion of required employee contributions to SCRS or PORS during a fiscal year04.30.2019 The House Ways and Means Committee gave this bill a favorable report.04.24.2019 The House Ways and Means General Government subcommittee gave this bill a favorable report.Summary of the bill as introduced: Allows an employer to choose to pay all or a portion of required employee contributions to the South Carolina Retirement System or Police Officers Retirement System during a fiscal year.
Sponsor: Bruce Bannister House Com: WM Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 5/9/2019
Keywords: Retirement Week of 02.11.2019 Week of 04.22.2019 Week of 04.29.2019
Of Interest
H 3998 Workforce and Senior Affordable Housing Act 01.21.2020 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.01.16.2020 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment deletes the exemption of local fees and taxes including property tax. Summary of the bill as introduced: Allows a taxpayer eligible for a federal low-income housing tax credit to claim a low-income state tax credit.
Sponsor: Bruce Bannister House Com: WM Senate Com: Fin
Status: Act No. 137 Status Date: 5/19/2020
Keywords: Finance/Revenue/Taxes Property Taxes Week of 01.13.2020 Week of 01.20.2020 Week of 02.18.2019
Of Interest
H 4000 Makes appropriations and provides revenues to meet the ordinary expenses of state government for FY 2019-2020Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses of state government for FY 2019-2020.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Act No. 91 Status Date: 6/25/2019
Keywords: Finance/Revenue/Taxes Week of 03.04.2019
Priority
H 4001 Appropriates monies from the Capital Reserve Fund for FY 2018-2019Summary of the bill as introduced: Appropriates monies from the Capital Reserve Fund for FY 2018-2019.
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Act No. 92 Status Date: 7/10/2019
Keywords: Finance/Revenue/Taxes Week of 03.04.2019
Priority
H 4014 Designates SC DHEC as the designated agent in selected landsSummary of the bill as introduced: Designates SC DHEC as the designated agent in selected lands for the lease of development rights to geothermal resources.
Sponsor: William Hixon House Com: ANREA Senate Com: Fin
Status: Act No. 116 Status Date: 3/19/2020
Keywords: General Governance Week of 02.18.2019
Of Interest
H 4243 Amends the job tax credit law to include professional sports teams03.20.2019 The House Ways and Means Committee gave this bill a favorable report.03.19.2019 The House Ways and Means Economic Development and Natural Resources subcommittee gave this bill a favorable report.Summary of the bill as introduced: Amends the job tax credit law to include professional sports teams.
Sponsor: Gary Simrill House Com: WM Senate Com: Fin
Status: Act No. 83 Status Date: 6/10/2019
Keywords: Finance/Revenue/Taxes Week of 03.11.2019 Week of 03.18.2019
Of Interest
H 4431 Makes changes to the current business license tax law03.12.2020 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment makes technical changes. 02.18.2020 The House Labor, Commerce and Industry Committee gave this bill a favorable report as amended.The amendment makes minor changes to the bill as amended by the subcommittee.01.22.2020 The House Labor, Commerce and Industry Business License Ad Hoc subcommittee heard testimony on the bill but did not take action.05.01.2019 The House Labor, Commerce and Industry Business and Commerce subcommittee adjourned debate on this bill.Summary of the bill as introduced: Changes the methods by which a business license tax is calculated, purchased and enforced.
Sponsor: Wallace Jordan House Com: LCI Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 2/27/2020
Keywords: Business License Business Licensing Week of 01.20.2020 Week of 02.10.2020 Week of 02.17.2020 Week of 03.09.2020 Week of 04.08.2019 Week of 04.29.2019
Priority
H 5201 Makes appropriations and provides revenues to meet the ordinary expenses of state government for FY 2020-2021Summary of the bill as introduced: Makes appropriations and provides revenues to meet the ordinary expenses of state government for FY 2020-2021. 
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 3/11/2020
Keywords: Finance/Revenue/Taxes Week of 03.02.2020
Priority
H 5202 Appropriates monies from the Capital Reserve Fund for FY2019-2020Summary of the bill as introduced: Appropriates monies from the Capital Reserve Fund for FY 2019-2020. 
Sponsor: Ways and Means House Com: Senate Com: Fin
Status: Act No. 142 Status Date: 6/26/2020
Keywords: Finance/Revenue/Taxes Week of 03.02.2020
Of Interest
S 0024 Requires the SC Department of Revenue to determine if there are barriers to the enforcement or collection of the cigarette taxSummary of the bill as introduced: Requires the SC Department of Revenue to determine if there are barriers to the enforcement or collection of the cigarette tax. This bill also revises the weight limitation on cigarettes and exempts cigarettes that are wrapped totally in tobacco with no filter.
Sponsor: Bradley Hutto House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: General Governance Senate
Of Interest
S 0102 Imposes an annual limit on the state general fund revenues available for appropriationSummary of the bill as introduced: Imposes an annual limit on the state general fund revenues available for appropriation by restricting an increase to a percentage that is equal to the average annual percentage change from the previous ten completed state fiscal years.
Sponsor: George Campsen House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: General Governance Senate
Of Interest
S 0103 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 two amounts: 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: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Finance/Revenue/Taxes Senate
Of Interest
S 0107 Amends several sections of the law related to the Dams and Reservoirs Safety Act03.14.2019 The Senate Agriculture and Natural Resources Committee gave this bill a favorable report.01.16.2019 The Senate Agriculture and Natural Resources Environmental subcommittee gave this bill a favorable report.Summary of the bill as introduced: Makes several changes to the law regarding dams and reservoirs.
Sponsor: Paul Campbell House Com: Senate Com: Fin
Status: Senate - Committed to Committee on Finance Status Date: 3/26/2019
Keywords: General Governance Senate Week of 01.14.2019 Week of 03.11.2019
Of Interest
S 0122 Allows for the applicability of roll-back taxes to property that is no longer used as agriculturalSummary of the bill as introduced: Allows for the applicability of roll-back taxes to formerly agricultural property that is no longer in agricultural use.
Sponsor: Shane Massey House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Property Taxes Senate
Of Interest
S 0133 Expands the SC Hurricane Damage Mitigation Program to include flood damage03.13.2019 The Senate Banking and Insurance Committee gave this bill a favorable report.03.06.2019 A Senate Banking and Insurance subcommittee gave this bill a favorable report.Summary of the bill as introduced: Expands the SC Hurricane Damage Mitigation Program to include flood damage mitigation.
Sponsor: Thomas Davis House Com: Senate Com: Fin
Status: Senate - Committed to Committee on Finance Status Date: 3/21/2019
Keywords: General Governance Senate Week of 03.04.2019 Week of 03.11.2019
Of Interest
S 0134 Closes the defined benefit state retirement plan to new employees immediately after full fundingSummary of the bill as introduced: Closes the defined benefit state retirement plan to new employees immediately following an actuarial determination that the system is fully funded. This bill also establishes a joint legislative committee to review the annual actuarial valuation.
Sponsor: Thomas Davis House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Retirement Senate
Of Interest
S 0151 Repeals the law that prohibits the relocation, removal or renaming of monuments and memorials on public propertySummary of the bill as introduced: Repeals the law that prohibits the relocation, removal or renaming of monuments and memorials erected on public property.
Sponsor: John Scott House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: General Governance Senate
Of Interest
S 0152 Clarifies that the law relating to the alteration, relocation or removal of certain monuments does not apply to school districts, political subdivisions or institutions of higher learningSummary of the bill as introduced: Clarifies that the law relating to the alteration, relocation or removal of certain monuments does not apply to school districts, political subdivisions or institutions of higher learning.
Sponsor: John Scott House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: General Governance Senate
Of Interest
S 0167 Closes the SC Retirement SystemSummary of the bill as introduced: Closes the SC Retirement System and establishes several other shared-risk benefit plan options for employees.
Sponsor: Sean Bennett House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Retirement Senate
Of Interest
S 0171 Enacts the Municipal Tax Relief Act02.26.2019 The Senate Finance Sales and Income Tax subcommittee carried this bill over.Summary of the bill as introduced: Allows a municipality to impose a sales tax through a referendum, which cannot exceed one percent, for municipal tax relief and for certain authorized projects.
Sponsor: Greg Hembree House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Finance/Revenue/Taxes Senate Week of 02.25.2019
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