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Session 119 - (2011-2012)Printer Friendly
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H*3506 (Rat #0286, Act #0233 of 2012) General Bill, By Loftis, Allison, J.R. Smith, White, Bowen, Ott, Cobb-Hunter, Pitts and Henderson
Summary: Job tax credit
AN ACT TO AMEND SECTION 12-14-80, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE INVESTMENT TAX CREDIT FOR MANUFACTURING AND PRODUCTIVE EQUIPMENT, SO AS TO EXPAND THE CREDIT TO CERTAIN ACTIVITIES WHERE THE TAXPAYER COMMITS TO EMPLOYING ONE THOUSAND TWO HUNDRED FULL-TIME EMPLOYEES IN THIS STATE AND COMMITS TO INVEST FOUR HUNDRED MILLION DOLLARS IN CAPITAL INVESTMENT IN THIS STATE, TO DEFINE TERMS, AND TO SET FORTH THE PROCESS BY WHICH A TAXPAYER QUALIFIES FOR THE CREDIT AND THE PROCESS BY WHICH THE AMOUNT OF THE CREDIT IS DETERMINED; AND BY ADDING SECTION 12-54-87 SO AS TO PROVIDE THAT FOR PURPOSES OF DISCOUNTS ALLOWED FOR TIMELY FILING OF RETURNS, IF THE DEPARTMENT OF REVENUE WAIVES ALL PENALTIES FOR LATE FILING DUE TO REASONABLE CAUSE, THE DISCOUNT MUST BE ALLOWED. - ratified title
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Summary: Job tax credit
AN ACT TO AMEND SECTION 12-14-80, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE INVESTMENT TAX CREDIT FOR MANUFACTURING AND PRODUCTIVE EQUIPMENT, SO AS TO EXPAND THE CREDIT TO CERTAIN ACTIVITIES WHERE THE TAXPAYER COMMITS TO EMPLOYING ONE THOUSAND TWO HUNDRED FULL-TIME EMPLOYEES IN THIS STATE AND COMMITS TO INVEST FOUR HUNDRED MILLION DOLLARS IN CAPITAL INVESTMENT IN THIS STATE, TO DEFINE TERMS, AND TO SET FORTH THE PROCESS BY WHICH A TAXPAYER QUALIFIES FOR THE CREDIT AND THE PROCESS BY WHICH THE AMOUNT OF THE CREDIT IS DETERMINED; AND BY ADDING SECTION 12-54-87 SO AS TO PROVIDE THAT FOR PURPOSES OF DISCOUNTS ALLOWED FOR TIMELY FILING OF RETURNS, IF THE DEPARTMENT OF REVENUE WAIVES ALL PENALTIES FOR LATE FILING DUE TO REASONABLE CAUSE, THE DISCOUNT MUST BE ALLOWED. - ratified title
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01/27/11 | House | Introduced and read first time (House Journal-page 20) |
01/27/11 | House | Referred to Committee on Ways and Means (House Journal-page 20) |
02/02/11 | House | Member(s) request name added as sponsor: Allison |
02/08/11 | House | Member(s) request name added as sponsor: J.R.Smith |
02/09/11 | House | Member(s) request name added as sponsor: White, Bowen |
02/15/11 | House | Member(s) request name added as sponsor: Ott, Cobb-Hunter |
02/23/11 | House | Member(s) request name added as sponsor: Pitts |
03/08/11 | House | Member(s) request name added as sponsor: Henderson |
04/06/11 | House | Committee report: Favorable with amendment Ways and Means (House Journal-page 63) |
04/13/11 | House | Debate adjourned until Thursday, April 14, 2011 (House Journal-page 80) |
04/14/11 | House | Amended (House Journal-page 15) |
04/14/11 | House | Read second time (House Journal-page 15) |
04/14/11 | House | Roll call Yeas-94 Nays-0 (House Journal-page 15) |
04/14/11 | House | Unanimous consent for third reading on next legislative day (House Journal-page 17) |
04/15/11 | House | Read third time and sent to Senate (House Journal-page 1) |
04/19/11 | Senate | Introduced and read first time (Senate Journal-page 9) |
04/19/11 | Senate | Referred to Committee on Finance (Senate Journal-page 9) |
01/25/12 | Senate | Committee report: Favorable with amendment Finance (Senate Journal-page 6) |
01/26/12 | Scrivener's error corrected | |
02/02/12 | Senate | Committee Amendment Adopted (Senate Journal-page 19) |
02/02/12 | Senate | Amended (Senate Journal-page 19) |
02/02/12 | Senate | Read second time (Senate Journal-page 19) |
02/02/12 | Senate | Roll call Ayes-34 Nays-3 (Senate Journal-page 19) |
02/07/12 | Scrivener's error corrected | |
02/07/12 | Senate | Read third time and returned to House with amendments (Senate Journal-page 22) |
02/09/12 | House | Senate amendment amended (House Journal-page 22) |
02/09/12 | House | Roll call Yeas-83 Nays-0 (House Journal-page 23) |
02/09/12 | House | Returned to Senate with amendments (House Journal-page 23) |
02/14/12 | Senate | Non-concurrence in House amendment (Senate Journal-page 16) |
02/14/12 | Senate | Roll call Ayes-37 Nays-2 (Senate Journal-page 16) |
02/22/12 | House | House insists upon amendment and conference committee appointed Reps. Loftis, White, Battle (House Journal-page 3) |
02/28/12 | Senate | Conference committee appointed Leventis, O'Dell, and Shoopman (Senate Journal-page 11) |
06/07/12 | Senate | Free conference powers granted |
06/07/12 | Senate | Roll call Ayes-34 Nays-9 (Senate Journal-page 45) |
06/07/12 | Senate | Free conference committee appointed Leventis, O'Dell, and Shoopman |
06/07/12 | Senate | Free conference report adopted |
06/07/12 | Senate | Roll call Ayes-34 Nays-9 |
06/07/12 | House | Free conference powers granted (House Journal-page 44) |
06/07/12 | House | Roll call Yeas-97 Nays-0 (House Journal-page 43) |
06/07/12 | House | Free conference committee appointed Loftis, White, Battle (House Journal-page 46) |
06/07/12 | House | Free conference report received and adopted (House Journal-page 46) |
06/07/12 | House | Roll call Yeas-97 Nays-0 (House Journal-page 53) |
06/07/12 | Senate | Ordered enrolled for ratification |
06/12/12 | Ratified R 286 | |
06/18/12 | Signed By Governor | |
06/20/12 | Effective date 06/18/12 | |
06/26/12 | Act No. 233 |