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Bill 3016

                    Current Status

Bill Number:                      3016
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20010109
Primary Sponsor:                  McGee
All Sponsors:                     McGee, Altman, Robinson
Drafted Document Number:          l:\council\bills\dka\3997mm01.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Enterprise zones, business not to qualify 
                                  for benefit in certain projects; Economic 
                                  Development, Political Subdivision


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20010109  Introduced, read first time,           30 HWM
                  referred to Committee
House   20001206  Prefiled, referred to Committee        30 HWM


              Versions of This Bill

TO AMEND SECTION 12-10-50, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CRITERIA FOR A BUSINESS QUALIFYING FOR BENEFITS PURSUANT TO THE ENTERPRISE ZONE ACT OF 1995, SO AS TO PROVIDE THAT A BUSINESS MAY NOT QUALIFY FOR BENEFITS IN CONNECTION WITH A PROJECT CREATED SOLELY BY THE TRANSFER WITHIN THE PREVIOUS TWELVE MONTHS OF THE BUSINESS LOCATION FROM ONE SITE TO ANOTHER AND TO PROVIDE FOR CERTIFICATION TO THAT EFFECT BY THE ADVISORY COORDINATING COUNCIL FOR ECONOMIC DEVELOPMENT.

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

SECTION    1.    Section 12-10-50 of the 1976 Code, as last amended by Act 399 of 2000, is further amended to read:

    "Section 12-10-50.        To qualify for the benefits provided in this chapter, a business must be located within this State and must:

    (1)    be engaged primarily in a business of the type identified in Section 12-6-3360;

    (2)    provide a benefits package, including health care, to full-time employees at the project;

    (3)    enter into a revitalization agreement that is approved by the council and that describes a minimum job requirement and minimum capital investment requirement for the project as provided in Section 12-10-90, except that a revitalization agreement is not required for a qualifying business with respect to Section 12-10-80(D); and

    (4)    have negotiated incentives that council has determined are appropriate for the project, and the council shall certify that the:

        (a)    the total benefits of the project exceed the costs to the public; and

        (b)    project is not one created solely by the transfer within the previous twelve months of the business location from an existing site in a county in this State to a new site in another county; and

        (c)    the business otherwise fulfills the requirements of this chapter."

SECTION    2.    This act is effective upon approval by the Governor for tax years beginning after December 31, 2000.

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