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A179, R189, H5009
STATUS INFORMATION
General Bill
Sponsors: Reps. Cole, Tallon, Hicks, Brannon, Allison, Chumley, Clary, Forrester, Mitchell, King and W.J. McLeod
Document Path: l:\council\bills\bbm\9453dg16.docx
Companion/Similar bill(s): 1125
Introduced in the House on February 25, 2016
Introduced in the Senate on April 28, 2016
Passed by the General Assembly on May 12, 2016
Governor's Action: May 23, 2016, Signed
Summary: Textiles communities revitalization income tax credit
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
-------------------------------------------------------------------------------
2/25/2016 House Introduced and read first time (House Journal-page 72)
2/25/2016 House Referred to Committee on Ways and Means
(House Journal-page 72)
4/20/2016 House Member(s) request name added as sponsor: Mitchell, King
4/20/2016 House Committee report: Favorable Ways and Means
(House Journal-page 352)
4/26/2016 House Member(s) request name added as sponsor: W.J.McLeod
4/26/2016 House Read second time (House Journal-page 25)
4/26/2016 House Roll call Yeas-103 Nays-0 (House Journal-page 25)
4/27/2016 House Read third time and sent to Senate
(House Journal-page 15)
4/28/2016 Senate Introduced, read first time, placed on calendar without
reference (Senate Journal-page 14)
5/11/2016 Senate Read second time (Senate Journal-page 45)
5/11/2016 Senate Roll call Ayes-41 Nays-0 (Senate Journal-page 45)
5/12/2016 Senate Read third time and enrolled (Senate Journal-page 10)
5/17/2016 Ratified R 189
5/23/2016 Signed By Governor
5/26/2016 Effective date 05/23/16
5/27/2016 Act No. 179
View the latest legislative information at the website
VERSIONS OF THIS BILL
(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.
This web page was last updated on June 28, 2016 at 3:07 PM