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H 4552 - Amends current law to include the development of affordable housing as an allowable redevelopment project in a military TIF

Tracking Level: Of Interest
Sponsor: Marvin Pendarvis
Last Action: 4/18/2024 - House - Returned to Senate with amendments
House Committee: MMPMA
Senate Committee: LCI
Assigned To:
Economic DevelopmentNext Bill
Finance/Revenue/TaxesNext Bill
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Staff Analysis of the Legislation

03.27.2024 The Senate Labor, Commerce and Industry Committee gave this bill a favorable report.
03.20.2024 The Senate Labor, Commerce and Industry Labor and Employment subcommittee gave this bill a favorable report as amended. The amendment changes the effective date to July 1.
02.27.2024 The House Medical, Military, Public and Municipal Affairs Committee gave this bill a favorable report.
02.14.2024 The House Medical, Military, Public and Municipal Affairs Municipal and Public Affairs subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Amends current law to include the development of affordable housing as an allowable redevelopment project in a military tax increment financing district.

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
H 4552 General Bill, By Pendarvis, Clyburn, Henegan, M.M. Smith, B.L. Cox, Robbins, Brewer, King, Wheeler, Henderson-Myers, Erickson, Stavrinakis, Weeks, Davis, Rivers and Gilliard
Summary: Tax Increment Financing
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 31-12-30, RELATING TO REDEVELOPMENT OF FEDERAL MILITARY INSTALLATIONS DEFINITIONS, SO AS TO PROVIDE THAT A REDEVELOPMENT PROJECT INCLUDES CERTAIN AFFORDABLE HOUSING PROJECTS.
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11/16/23House Prefiled
11/16/23House Referred to Committee on Medical, Military, Public and Municipal Affairs
01/09/24House Introduced and read first time (House Journal-page 79)
01/09/24House Referred to Committee on Medical, Military, Public and Municipal Affairs (House Journal-page 79)
01/31/24House Member(s) request name added as sponsor: M.M.Smith, B.L.Cox
02/14/24House Member(s) request name added as sponsor: Robbins, Brewer, King
02/28/24House Committee report: Favorable with amendment Medical, Military, Public and Municipal Affairs (House Journal-page 13)
02/29/24House Member(s) request name added as sponsor: Wheeler, Henderson-Myers, Erickson, Stavrinakis, Weeks, Davis
03/01/24 Scrivener's error corrected
03/05/24House Member(s) request name added as sponsor: Rivers, Gilliard
03/05/24House Amended (House Journal-page 32)
03/05/24House Read second time (House Journal-page 32)
03/05/24House Roll call Yeas-103 Nays-0 (House Journal-page 33)
03/06/24House Read third time and sent to Senate (House Journal-page 29)
03/07/24Senate Introduced and read first time (Senate Journal-page 2)
03/07/24Senate Referred to Committee on Labor, Commerce and Industry (Senate Journal-page 2)
03/27/24Senate Committee report: Favorable Labor, Commerce and Industry (Senate Journal-page 19)
04/03/24Senate Amended (Senate Journal-page 52)
04/03/24Senate Read second time (Senate Journal-page 52)
04/03/24Senate Roll call Ayes-44 Nays-0 (Senate Journal-page 52)
04/04/24 Scrivener's error corrected
04/04/24Senate Read third time and returned to House with amendments (Senate Journal-page 21)
04/16/24House Debate adjourned until Thur., 4-18-24 (House Journal-page 20)
04/18/24House Senate amendment amended
04/18/24House Roll call Yeas-94 Nays-1
04/18/24House Returned to Senate with amendments



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