South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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H*3706 (Rat #0544, Act #0487 of 1988) General Bill, By J.I. Rogers and D.E. Winstead
Similar (S 1239)
    A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section 4-29-67, so as to provide for payments in lieu of taxes for industrial development projects valued at eighty-five million dollars or more financed by industrial revenue bonds, to provide for agreements for payments not to exceed twenty years and to provide for the minimum amount of the payments, to provide that after the expiration of any agreement, the fee must be equal to taxes that would be due on the project if it were taxable, to provide for the distribution of the payments, to provide that project-making payments in lieu of taxes are considered taxable property for purposes of determining limits of bonded indebtedness and the index of taxpaying ability, and to provide that the threshold investment amount under this Section may not be reduced except by special vote of the General Assembly and to define the special vote.-amended title
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02/04/88House Introduced and read first time HJ-925
02/04/88House Referred to Committee on Ways and Means HJ-925
03/03/88House Committee report: Favorable with amendment Ways and Means HJ-1700
03/09/88House Amended HJ-1846
03/09/88House Read second time HJ-1853
03/10/88House Read third time and sent to Senate HJ-1888
03/10/88Senate Introduced and read first time SJ-28
03/10/88Senate Referred to Committee on Finance SJ-28
03/29/88Senate Committee report: Favorable with amendment Finance SJ-13
03/30/88Senate Amended SJ-40
03/30/88Senate Read second time SJ-41
03/30/88Senate Unanimous consent for third reading on next legislative day SJ-41
03/31/88Senate Read third time SJ-9
03/31/88Senate Returned SJ-9
04/13/88House Debate adjourned HJ-2734
04/20/88House Concurred in Senate amendment and enrolled HJ-3119
04/26/88 Ratified R 544
05/02/88 Signed By Governor
05/02/88 Effective date 05/02/88
05/02/88 Act No. 487
05/23/88 Copies available

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