S 0547 General Bill, By Matthews, Patterson and Washington
    A BILL TO AMEND TITLE 34 OF THE CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO BANKING, FINANCIAL INSTITUTIONS, AND MONEY, BY ADDING CHAPTER 30 SO AS TO CREATE THE SOUTH CAROLINA COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS COMMISSION, WHICH SHALL EXIST FOR THE PURPOSE OF CERTIFYING ENTITIES AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, TO PROVIDE FOR THE APPOINTMENT OF COMMISSION MEMBERS AND THE OPERATION OF THE COMMISSION, AND TO PROVIDE A DEFINITION FOR COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; AND TO AMEND ARTICLE 10, CHAPTER 7, TITLE 12 OF THE 1976 CODE, RELATING TO INCOME TAX CREDITS, BY ADDING SECTION 12-7-1255 SO AS TO PROVIDE A TAX CREDIT EQUAL TO FIFTY PERCENT OF A TAXPAYER'S INVESTMENT IN A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, UP TO A MAXIMUM OF TEN MILLION DOLLARS FOR ALL TAXPAYERS FOR ALL TAXABLE YEARS.
View full text

03/19/97	Senate	Introduced and read first time SJ-5
03/19/97	Senate	Referred to Committee on Banking and Insurance SJ-5
04/24/97	Senate	Committee report: Favorable with amendment Banking and Insurance SJ-20
04/29/97	Senate	Amended SJ-35
04/29/97	Senate	Read second time SJ-35
04/29/97	Senate	Ordered to third reading with notice of amendments SJ-35
04/30/97	Senate	Read third time and sent to House SJ-26
05/01/97	House	Introduced and read first time HJ-13
05/01/97	House	Referred to Committee on Ways and Means HJ-14
04/23/98	House	Committee report: Majority favorable with amend., minority unfavorable Ways and Means HJ-48
04/29/98	House	Debate adjourned until Thursday, April 30, 1998 HJ-51
05/06/98	House	Debate adjourned until Thursday, May 7, 1998 HJ-24
05/07/98	House	Recommitted to Committee on Ways and Means HJ-23