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H 3725 - Makes changes to the SC Abandoned Buildings Revitalization Act

Tracking Level: Passed
Sponsor: James Smith
Last Action: 6/15/2015 - Act No. 68
House Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

05.19.2015 The Senate Finance Committee gave this bill a favorable report.
04.22.2015 The House Ways and Means Committee gave this bill a favorable report with an amendment. The amendment conforms the bill to the Senate version of the bill, S532.
04.15.2015 The House Ways and Means Sales and Income Tax subcommittee gave this bill a favorable report with amendments. The amendment removes the solar reference and reduces the cap from one million to $500,000.
Summary of the bill as introduced: Adds the definition of state-owned abandoned buildings and certain tax credits for rehabilitating state-owned buildings.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299,