S*0227(Rat #0212, Act #0255 of 2016)  General Bill, By Campbell, Rankin and 
Grooms
 AN ACT TO AMEND SECTION 12-10-88, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO THE REMISSION OF REDEVELOPMENT FEES TO A REDEVELOPMENT AUTHORITY,
 SO AS TO EXTEND THE END DATE FOR REMISSIONS FROM JANUARY 1, 2017, TO JANUARY
 1, 2021, AND TO PROHIBIT A REDEVELOPMENT AUTHORITY FROM RECEIVING MORE IN
 REMISSIONS THAN IT DID IN FISCAL YEAR 2014-2015. - ratified title

   12/10/14  Senate Prefiled
   12/10/14  Senate Referred to Committee on Finance
   01/13/15  Senate Introduced and read first time
                     (Senate Journal-page 142)
   01/13/15  Senate Referred to Committee on Finance
                     (Senate Journal-page 142)
   04/14/16  Senate Committee report: Favorable with amendment
                     Finance (Senate Journal-page 5)
   04/26/16  Senate Committee Amendment Amended and Adopted
                     (Senate Journal-page 38)
   04/26/16  Senate Read second time (Senate Journal-page 38)
   04/26/16  Senate Roll call Ayes-33  Nays-8 (Senate Journal-page 38)
   04/27/16         Scrivener's error corrected
   04/27/16  Senate Read third time and sent to House
                     (Senate Journal-page 37)
   04/28/16  House  Introduced and read first time (House Journal-page 11)
   04/28/16  House  Referred to Committee on Ways and Means
                     (House Journal-page 11)
   05/31/16  House  Recalled from Committee on Ways and Means
                     (House Journal-page 21)
   06/01/16  House  Read second time (House Journal-page 80)
   06/01/16  House  Roll call Yeas-94  Nays-0 (House Journal-page 80)
   06/02/16  House  Read third time and enrolled (House Journal-page 8)
   06/02/16         Ratified R 212
   06/07/16         Signed By Governor
   06/15/16         Effective date 06/07/16
   06/16/16         Act No. 255

(A255, R212, S227)

AN ACT TO AMEND SECTION 12-10-88, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REMISSION OF REDEVELOPMENT FEES TO A REDEVELOPMENT AUTHORITY, SO AS TO EXTEND THE END DATE FOR REMISSIONS FROM JANUARY 1, 2017, TO JANUARY 1, 2021, AND TO PROHIBIT A REDEVELOPMENT AUTHORITY FROM RECEIVING MORE IN REMISSIONS THAN IT DID IN FISCAL YEAR 2014-2015.

Be it enacted by the General Assembly of the State of South Carolina:

Redevelopment fees

SECTION    1.    Section 12-10-88(C) of the 1976 Code is amended to read:

"(C)    Redevelopment fees may be remitted to the applicable redevelopment authority for a period beginning with the date that the applicable redevelopment authority first submits the information described in subsection (B) to the department and ending fifteen years later or January 1, 2021, whichever occurs last. If the redevelopment authority fails to provide the department with the required statement within the requisite time limits, no redevelopment fees must be remitted for that quarter. Notwithstanding subsection (A), the redevelopment fee remitted by the department in any fiscal year may not exceed the amount remitted in Fiscal Year 2014-2015."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 2nd day of June, 2016.

Approved the 7th day of June, 2016.