South Carolina Legislature MobileSession 120 - (2013-2014)
H 3557 General Bill, By Cobb-Hunter, White, Bannister, Rutherford, Harrell, Merrill, Simrill, Stavrinakis, Loftis, Horne, Weeks, Mitchell, Ott, Sellers, Hodges and Whipper
Summary: Tax credits
A BILL TO AMEND SECTION 12-6-3375, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TAX CREDIT FOR PORT CARGO VOLUME INCREASE, SO AS TO EXPAND THE TYPES OF BUSINESSES THAT QUALIFY FOR THE CREDIT, TO GIVE THE COORDINATING COUNCIL FOR ECONOMIC DEVELOPMENT DISCRETION IN AWARDING CREDITS, TO FURTHER DEFINE TERMS, TO PROVIDE THAT TAXPAYERS ENGAGED IN THE MOVEMENT OF GOODS IMPORTED OR EXPORTED THROUGH SOUTH CAROLINA'S PORT FACILITIES MAY BE ELIGIBLE FOR THE CREDIT IF THE CARGO SUPPORTS A PRESENCE IN THE STATE AND MEETS OTHER JOB AND CAPITAL INVESTMENT REQUIREMENTS, AND TO PROVIDE THAT A TAXPAYER THAT FAILS TO MEET THE REQUIREMENTS OF THE CREDIT MUST REPAY A PRO RATA PORTION OF THE CREDIT.
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Summary: Tax credits
A BILL TO AMEND SECTION 12-6-3375, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TAX CREDIT FOR PORT CARGO VOLUME INCREASE, SO AS TO EXPAND THE TYPES OF BUSINESSES THAT QUALIFY FOR THE CREDIT, TO GIVE THE COORDINATING COUNCIL FOR ECONOMIC DEVELOPMENT DISCRETION IN AWARDING CREDITS, TO FURTHER DEFINE TERMS, TO PROVIDE THAT TAXPAYERS ENGAGED IN THE MOVEMENT OF GOODS IMPORTED OR EXPORTED THROUGH SOUTH CAROLINA'S PORT FACILITIES MAY BE ELIGIBLE FOR THE CREDIT IF THE CARGO SUPPORTS A PRESENCE IN THE STATE AND MEETS OTHER JOB AND CAPITAL INVESTMENT REQUIREMENTS, AND TO PROVIDE THAT A TAXPAYER THAT FAILS TO MEET THE REQUIREMENTS OF THE CREDIT MUST REPAY A PRO RATA PORTION OF THE CREDIT.
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| 02/19/13 | House | Introduced and read first time (House Journal-page 25) |
| 02/19/13 | House | Referred to Committee on Ways and Means (House Journal-page 25) |
| 02/20/13 | House | Member(s) request name added as sponsor: Ott |
| 03/13/13 | House | Member(s) request name added as sponsor: Sellers |
| 04/18/13 | House | Committee report: Favorable Ways and Means (House Journal-page 21) |
| 04/23/13 | Scrivener's error corrected | |
| 04/24/13 | House | Member(s) request name added as sponsor: Hodges, Whipper |
| 04/24/13 | House | Read second time (House Journal-page 133) |
| 04/24/13 | House | Roll call Yeas-108 Nays-0 (House Journal-page 133) |
| 04/25/13 | House | Read third time and sent to Senate (House Journal-page 35) |
| 04/25/13 | Senate | Introduced and read first time (Senate Journal-page 9) |
| 04/25/13 | Senate | Referred to Committee on Finance (Senate Journal-page 9) |
| 05/15/13 | Scrivener's error corrected |