Legislation Assigned to the Senate Fin Committee (42)

Date of Last Recorded Action: 6/25/2019


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 3596 Limits rollback taxes to one year when land that is classified as agricultural real property is applied to another use03.26.2019 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 - Referred to Committee on Finance Status Date: 4/10/2019
Keywords: Property Taxes Week of 01.14.2019 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 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: 6/26/2019
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: Effective date See Act for Effective Date Status Date: 6/10/2019
Keywords: Finance/Revenue/Taxes Week of 03.04.2019
Priority
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
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 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 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
S 0172 Enacts the Local Option Motor Fuel User Fee ActSummary of the bill as introduced: Allows a county to impose, by ordinance and approved by referendum, a one cent per gallon user fee on retail sales of motor fuel for the purpose of beach renourishment.
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
Of Interest
S 0207 Allows a property owner residing at a nursing home to retain the 4 percent property tax assessment ratio01.15.2019 The Senate Finance Committee gave this bill a favorable report.01.15.2019 The Senate Finance Property Tax subcommittee gave this bill a favorable report.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 and does not receive rental income from the property.
Sponsor: Thomas Young House Com: LCI Senate Com: Fin
Status: House - Referred to Committee on Labor, Commerce and Industry Status Date: 1/23/2019
Keywords: Property Taxes Senate Week of 01.14.2019
Of Interest
S 0214 Defines a marketplace facilitator 03.26.2019 The House Ways and Means Committee gave this bill a favorable report.03.26.2019 The House Ways and Means Revenue Policy subcommittee gave this bill a favorable report. 01.15.2019 The Senate Finance Committee gave this bill a favorable report.01.15.2019 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Defines a marketplace facilitator as any person engaged in the business of facilitating a retail sale of tangible personal property.
Sponsor: Marlon Kimpson House Com: WM Senate Com: Fin
Status: Act No. 21 Status Date: 5/6/2019
Keywords: Sales Taxes Senate Week of 01.14.2019 Week of 03.25.2019
Passed
S 0217 Allows the expenditure of accommodations and hospitality revenue for the control and repair of flooding and drainage at tourism-related lands01.15.2019 The Senate Finance Committee gave this bill a favorable report with a technical amendment.01.15.2019 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.Summary of the bill as introduced: Allows the expenditure of state and local accommodations taxes and local hospitality tax revenue for the control and repair of flooding and drainage at tourism-related lands.
Sponsor: Marlon Kimpson House Com: WM Senate Com: Fin
Status: House - Referred to Committee on Ways and Means Status Date: 1/23/2019
Keywords: Accommodations/Hospitality Taxes Senate Week of 01.14.2019
Priority
S 0227 Allows municipalities without an operating millage on January 1, 2019, to impose an operating millage 04.30.2019 The House Ways and Means Committee gave this bill a favorable report.04.30.2019 The House Ways and Means Property Tax subcommittee gave this bill a favorable report.01.15.2019 The Senate Finance Committee gave this bill a favorable report.01.15.2019 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment restricts the initial amount of millage a city or town could impose. Summary of the bill as introduced: Allows municipalities without an operating millage on January 1, 2019, to impose an operating millage.
Sponsor: Michael Gambrell House Com: WM Senate Com: Fin
Status: House - Requests for debate-Rep Status Date: 5/8/2019
Keywords: Finance/Revenue/Taxes Senate Week of 01.14.2019 Week of 04.29.2019
Priority
S 0255 Repeals Act 388Summary of the bill as introduced: Restores the former method of overriding the annual millage cap by a positive majority of the governing body.
Sponsor: Michael Fanning House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Finance/Revenue/Taxes Senate
Priority
S 0256 Exempts certain participants in the state retirement system from the $10,000 earnings cap when they return to workSummary of the bill as introduced: Exempts retired certified educators and police officers from the $10,000 earnings limitation when they return to work with a covered employer.
Sponsor: Michael Fanning House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/8/2019
Keywords: Retirement Senate
Of Interest
S 0309 Increases the aggregate annual Industry Partnership Fund Tax credit amount04.30.2019 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee.04.30.2019 The House Ways and Means Economic Development subcommittee gave the bill a favorable report as amended. The amendment replaces all of the language in the bill with language from H4243, the bill that amends the job tax credit law to include professional sports teams. Summary of the bill as introduced: Increases the aggregate annual Industry Partnership Fund Tax credit amount.
Sponsor: Nikki Setzler House Com: WM Senate Com: Fin
Status: House - Conference committee appointed Simrill, Pope, Weeks Status Date: 5/9/2019
Keywords: Finance/Revenue/Taxes Week of 01.07.2019 Week of 04.29.2019
Of Interest
S 0323 Allows the Department of Revenue to submit certain information to a financial institution about a debtor 04.30.2019 The House Ways and Means Committee gave this bill a favorable report.04.30.2019 The House Ways and Means Economic Development subcommittee gave this bill a favorable report.02.05.2019 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.01.29.2019 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report as amended. The amendment indemnifies the bank.Summary of the bill as introduced: Allows the Department of Revenue to submit certain information to a financial institution about a debtor who has been named on a warrant for distraint.
Sponsor: Thomas Alexander House Com: WM Senate Com: Fin
Status: Act No. 46 Status Date: 6/5/2019
Keywords: General Governance Week of 01.07.2019 Week of 01.28.2019 Week of 02.04.2019 Week of 04.29.2019
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