South Carolina General Assembly
121st Session, 2015-2016

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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

2/25/2016
4/20/2016
4/28/2016

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

NOTE: THIS IS A TEMPORARY VERSION. THIS DOCUMENT WILL REMAIN IN THIS VERSION UNTIL FINAL APPROVAL BY THE LEGISLATIVE COUNCIL.

(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.

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This web page was last updated on May 27, 2016 at 12:29 PM