Staff Analysis of the Legislation
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04.25.2024 The House Ways and Means Committee gave this bill a favorable report as amended by the subcommittee. 04.16.2024 The House Ways and Means Economic Development subcommittee gave this bill a favorable report as amended. The amendment adds language from H3737, the Shortline Railroad Modernization Act. 02.27.2024 The Senate Finance Committee gave this bill a favorable report. 02.20.2024 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report. Summary of the bill as introduced: Extends the SC Abandoned Buildings Revitalization Act to 2035 and increases the amount of the maximum earned tax credit. |
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S 1021 General Bill, By Davis, Matthews and Campsen Summary: Abandoned buildings tax credit A BILL TO EXTEND THE PROVISIONS OF THE SOUTH CAROLINA ABANDONED BUILDINGS REVITALIZATION ACT TO 2035; AND TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-67-140, RELATING TO THE ABANDONED BUILDINGS TAX CREDIT, SO AS TO INCREASE THE AMOUNT OF THE MAXIMUM TAX CREDIT THAT MAY BE EARNED. View full text View Vote History View Fiscal Impact02/06/24 | Senate | Introduced and read first time (Senate Journal-page 4) | 02/06/24 | Senate | Referred to Committee on Finance (Senate Journal-page 4) | 02/28/24 | Senate | Committee report: Favorable Finance (Senate Journal-page 15) | 03/01/24 | | Scrivener's error corrected | 03/19/24 | Senate | Read second time (Senate Journal-page 17) | 03/19/24 | Senate | Roll call Ayes-42 Nays-0 (Senate Journal-page 17) | 03/20/24 | Senate | Read third time and sent to House (Senate Journal-page 11) | 03/21/24 | House | Introduced and read first time (House Journal-page 19) | 03/21/24 | House | Referred to Committee on Ways and Means (House Journal-page 19) | 04/25/24 | House | Committee report: Favorable with amendment Ways and Means (House Journal-page 19) | 04/30/24 | | Scrivener's error corrected | 05/02/24 | House | Debate adjourned until Tues., 5-7-24 (House Journal-page 20) | 05/07/24 | House | Requests for debate-Rep(s). Hiott, B Newton, Carter, Guffey, Sessions, Harris, Magnuson, Guest, West, Chapman, Gagnon, Beach, Cromer, Gilliam, White, Chumley, Long | 05/07/24 | House | Debate adjourned |
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