H*5009(Rat #0189, Act #0179 of 2016)  General Bill, By Cole, Tallon, Hicks, 
Brannon, Allison, Chumley, Clary, Forrester, Mitchell, King and W.J. McLeod

Similar(S 1125)
 AN ACT TO AMEND SECTION 12-65-30, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO THE TEXTILES COMMUNITIES REVITALIZATION INCOME TAX CREDIT, SO AS
 TO DELETE A PROVISION THAT LIMITS THE CREDIT TO FIFTY PERCENT OF CERTAIN
 LIABILITY. - ratified title

   02/25/16  House  Introduced and read first time (House Journal-page 72)
   02/25/16  House  Referred to Committee on Ways and Means
                     (House Journal-page 72)
   04/20/16  House  Member(s) request name added as sponsor: Mitchell, King
   04/20/16  House  Committee report: Favorable Ways and Means
                     (House Journal-page 352)
   04/26/16  House  Member(s) request name added as sponsor: W.J.McLeod
   04/26/16  House  Read second time (House Journal-page 25)
   04/26/16  House  Roll call Yeas-103  Nays-0 (House Journal-page 25)
   04/27/16  House  Read third time and sent to Senate
                     (House Journal-page 15)
   04/28/16  Senate Introduced, read first time, placed on calendar
                     without reference (Senate Journal-page 14)
   05/11/16  Senate Read second time (Senate Journal-page 45)
   05/11/16  Senate Roll call Ayes-41  Nays-0 (Senate Journal-page 45)
   05/12/16  Senate Read third time and enrolled (Senate Journal-page 10)
   05/17/16         Ratified R 189
   05/23/16         Signed By Governor
   05/26/16         Effective date 05/23/16
   05/27/16         Act No. 179

(A179, R189, H5009)

AN ACT TO AMEND SECTION 12-65-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TEXTILES COMMUNITIES REVITALIZATION INCOME TAX CREDIT, SO AS TO DELETE A PROVISION THAT LIMITS THE CREDIT TO FIFTY PERCENT OF CERTAIN LIABILITY.

Be it enacted by the General Assembly of the State of South Carolina:

Textiles revitalization income tax credit

SECTION    1.    Section 12-65-30(C)(5) of the 1976 Code is amended to read:

"(5)    Reserved."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor and first applies to credits claimed for income tax year 2016, regardless of when the credit was earned.

Ratified the 17th day of May, 2016.

Approved the 23rd day of May, 2016.