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H 3133 - Enacts the South Carolina Economic Development Tax Incentive Evaluation Act

Tracking Level: Of Interest
Sponsor: Marvin Pendarvis
Last Action: 1/12/2021 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation

Summary of the bill as introduced: Requires the SC Department of Revenue to complete a study every two years to assess the economic and financial impact of economic development tax incentives.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 3133 General Bill, By Pendarvis, Magnuson, Cobb-Hunter and May
Summary: SC Economic Development Tax Incentive Evaluation Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, TO ENACT THE "SOUTH CAROLINA ECONOMIC DEVELOPMENT TAX INCENTIVE EVALUATION ACT" BY ADDING CHAPTER 70 TO TITLE 12 SO AS TO REQUIRE THE DEPARTMENT OF REVENUE TO COMPLETE A STUDY EVERY TWO YEARS TO ASSESS THE IMPACT, INCLUDING BOTH THE ECONOMIC BENEFITS AND THE FINANCIAL COST, OF ECONOMIC DEVELOPMENT TAX INCENTIVES.
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12/09/20House Prefiled
12/09/20House Referred to Committee on Ways and Means
01/12/21House Introduced and read first time (House Journal-page 83)
01/12/21House Referred to Committee on Ways and Means (House Journal-page 83)



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