Legislation Assigned to the Senate Fin Committee (24)
Date of Last Recorded Action: 11/30/2023
H 3425
H 3425
Removes the SC Police Officers Retirement System and SC Retirement System earnings limitation upon returning to work in certain circumstances
05.04.2023 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 2021
01.12.2023 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 code
Summary 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 fuel
05.04.2023 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 3951
Enacts the Working Agricultural Lands Preservation Act
04.13.2023 The Senate Agriculture and Natural Resources Committee gave this bill a favorable report as amended. The amendment changes the funding mechanism and board composition of the Conservation Bank.04.12.2023 A Senate Agriculture and Natural Resources subcommittee gave this bill a favorable report.Summary of the bill as introduced: Creates a committee that will identify and provide permanent protection to strategically located working farmland properties.
Sponsor:
Patrick Haddon
House Com:
ANREA
Senate Com:
Fin
Status: Senate - Committed to Committee on Finance
Status Date: 5/3/2023
Keywords:
General Governance
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 4300
Makes appropriations and provides revenues to meet the ordinary expenses of state government for the Fiscal Year beginning July 1, 2023
04.04.2023 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: Act No. 84
Status Date: 6/26/2023
Keywords:
Finance/Revenue/Taxes
Priority
H 4301
Appropriates money from the Capital Reserve Fund for Fiscal Year 2022-2023
04.04.2023 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
S 0030
Enacts the I-95 Corridor Authority Act
Summary 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 statements
03.30.2023 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 duty
05.04.2023 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 railroads
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 work
Summary 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 housing
05.02.2023 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 monuments
Summary 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 Act
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 programs
Summary 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 2021
03.30.2023 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
S 0616
Adds planning for repairs to bridges, highways, roads and the state's rights of way to exemptions from the state procurement code
Summary 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:
George Campsen
House Com:
Senate Com:
Fin
Status: Scrivener's error corrected
Status Date: 3/13/2023
Keywords:
General Governance
Of Interest
S 0622
Establishes the SC Shared-Risk Defined Benefit Plan
Summary of the bill as introduced: Provides employees of the state of South Carolina with a defined benefit retirement plan.
Sponsor:
Sean Bennett
House Com:
Senate Com:
Fin
Status: Scrivener's error corrected
Status Date: 3/15/2023
Keywords:
Retirement
Of Interest
S 0694
Requires the minimum investment for a qualified recycling facility be at least $100 million and define postconsumer waste material
Summary of the bill as introduced: Requires the minimum investment for a qualified recycling facility be at least $100 million and define postconsumer waste material.
Sponsor:
Scott Talley
House Com:
Senate Com:
Fin
Status: Senate - Referred to Committee on Finance
Status Date: 3/29/2023
Keywords:
Environment
Of Interest
S 0731
Directs 15% of insurance premium taxes to the SC Office of Resilience
Summary of the bill as introduced: Directs 15% of insurance premium taxes to the SC Office of Resilience.
Sponsor:
Stephen Goldfinch
House Com:
Senate Com:
Fin
Status: Senate - Referred to Committee on Finance
Status Date: 4/13/2023
Keywords:
Finance/Revenue/Taxes
Of Interest
S 0781
Allows the governing body of a rural county to suspend the limit on millage increases to support a fire protection district
Summary of the bill as introduced: Allows the governing body of a rural county to suspend the limit on millage increases to support a fire protection district.
Sponsor:
Penry Gustafson
House Com:
Senate Com:
Fin
Status: Senate - Referred to Committee on Finance
Status Date: 5/4/2023
Keywords:
Finance/Revenue/Taxes
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
