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H 5307 -
Allows an income tax credit for a grocer that opens a new location in a food desert
Tracking Level:
Of Interest
Sponsor:
Wendell Jones
Last Action:
3/21/2024 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Finance/Revenue/Taxes
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Staff Analysis of the Legislation
Summary of the bill as introduced
: Allows an income tax credit for a grocer that opens a new location in a food desert.
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Session 125 - (2023-2024)
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H 5307 General Bill, By
W. Jones
,
Williams
,
Rivers
,
Gilliard
,
Henderson-Myers
,
Dillard
and
Bauer
Summary:
Food desert tax credit
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3810 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A GROCER THAT OPENS A NEW LOCATION IN A FOOD DESERT; AND BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO PROVIDE A SALES TAX EXEMPTION FOR CERTAIN PURCHASES MADE BY A GROCER THAT OPERATES A NEW STORE LOCATED IN A FOOD DESERT.
View full text
03/21/24
House
Introduced and read first time (
House Journal-page 16
)
03/21/24
House
Referred to Committee on Ways and Means (
House Journal-page 16
)
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