South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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S*1240 (Rat #0789, Act #0666 of 1988) General Bill, By J.M. Waddell
Similar (H 3712)
    A Bill to amend Section 12-37-220, Code of Laws of South Carolina, 1976, relating to property tax exemptions, so as to provide that all new corporate headquarters, corporate office facilities, distribution facilities, and all additions to existing headquarters, office facilities, or distribution facilities, if the cost is fifty thousand dollars or more and seventy-five or more new full-time jobs are created in South Carolina, are exempt from county ad valorem taxes for a period of five years from the time of establishment, and to provide that corporations establishing corporate headquarters in this State or adding to an existing headquarters, which establishment or addition costs fifty thousand dollars or more and results in the creation of seventy-five or more new full-time jobs at least forty of which are staff employees, are allowed a corporate income tax credit equal to twenty percent of certain development or construction costs.-amended title
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02/25/88Senate Introduced and read first time SJ-9
02/25/88Senate Referred to Committee on Finance SJ-9
03/29/88Senate Committee report: Favorable with amendment Finance SJ-11
04/07/88Senate Amended SJ-48
04/07/88Senate Read second time SJ-54
04/07/88Senate Unanimous consent for third reading on next legislative day SJ-54
04/08/88Senate Read third time and sent to House SJ-17
04/12/88House Introduced and read first time HJ-2617
04/12/88House Referred to Committee on Ways and Means HJ-2617
05/11/88House Committee report: Favorable with amendment Ways and Means HJ-3665
05/31/88House Amended HJ-4371
05/31/88House Read second time HJ-4371
06/01/88House Read third time HJ-4493
06/01/88House Returned HJ-4493
06/02/88Senate Concurred in House amendment and enrolled SJ-86
06/20/88 Ratified R 789
06/27/88 Signed By Governor
06/27/88 Effective date 06/27/88
06/27/88 Act No. 666
08/01/88 Copies available

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