S 0329 {Rat #67, Act #47 of 2019} General Bill, By Cromer, Scott, Verdin, Reese and 
Nicholson
 AN ACT TO EXTEND THE TAX CREDITS FOR THE PURCHASE AND INSTALLATION OF
 GEOTHERMAL MACHINERY AND EQUIPMENT UNTIL JANUARY 1, 2022, BY RE-ENACTING
 PROVISIONS OF SECTION 12-6-3587. - ratified title
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   01/08/19  Senate Introduced and read first time
                     (Senate Journal-page 185)
   01/08/19  Senate Referred to Committee on Finance
                     (Senate Journal-page 185)
   02/20/19  Senate Committee report: Favorable with amendment
                     Finance (Senate Journal-page 12)
   02/21/19         Scrivener's error corrected
   02/26/19  Senate Committee Amendment Adopted (Senate Journal-page 31)
   02/26/19  Senate Read second time (Senate Journal-page 31)
   02/26/19  Senate Roll call Ayes-36  Nays-5 (Senate Journal-page 31)
   02/27/19  Senate Read third time and sent to House
                     (Senate Journal-page 23)
   02/28/19  House  Introduced and read first time (House Journal-page 68)
   02/28/19  House  Referred to Committee on Ways and Means
                     (House Journal-page 68)
   05/02/19  House  Committee report: Favorable Ways and Means
                     (House Journal-page 12)
   05/03/19         Scrivener's error corrected
   05/08/19  House  Read second time (House Journal-page 115)
   05/08/19  House  Roll call Yeas-84  Nays-21 (House Journal-page 115)
   05/09/19  House  Read third time and enrolled (House Journal-page 132)
   05/13/19         Ratified R  67
   05/16/19         Signed By Governor
   05/31/19         Effective date  See Act for Effective Date
   06/05/19         Act No.  47

(A47, R67, S329)

AN ACT TO EXTEND THE TAX CREDITS FOR THE PURCHASE AND INSTALLATION OF GEOTHERMAL MACHINERY AND EQUIPMENT UNTIL JANUARY 1, 2022, BY RE-ENACTING PROVISIONS OF SECTION 12-6-3587.

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

Extension of tax credit on geothermal machinery and equipment

SECTION    1.    SECTION 2.B. of Act 134 of 2016 is amended to read:

"B.    The provisions contained in this section related to geothermal machinery and equipment are repealed January 1, 2022."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor and applies to tax years beginning after 2018. The provisions of Section 12-6-3587, as they existed on December 31, 2018, are re-enacted, and the tax credits earned pursuant to this act shall be earned and claimed under the same terms and conditions as they existed on December 31, 2018. This act shall continue to apply until such time as Section 12-6-3587, or parts thereof, are otherwise repealed, mutatis mutandis.

Ratified the 13th day of May, 2019.

Approved the 16th day of May, 2019.