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Bill 3065

                    Current Status

Bill Number:                      3065
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990112
Primary Sponsor:                  McGee
All Sponsors:                     McGee
Drafted Document Number:          l:\council\bills\dka\3068mm99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Enterprise Zone, benefit of; criteria for 
                                  businesses qualifying for; projects; Political 
                                  Subdivisions, Taxation, Economy


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990112  Introduced, read first time,           30 HWM
                  referred to Committee
House   19981209  Prefiled, referred to Committee        30 HWM


                             Versions of This Bill

TO AMEND SECTION 12-10-50, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CRITERIA FOR A BUSINESS QUALIFYING FOR BENEFITS PURSUANT TO THE ENTERPRISE ZONE ACT OF 1995, SO AS TO PROVIDE THAT A BUSINESS MAY NOT QUALIFY FOR BENEFITS IN CONNECTION WITH A PROJECT CREATED SOLELY BY THE TRANSFER WITHIN THE PREVIOUS TWELVE MONTHS OF THE BUSINESS LOCATION FROM ONE SITE TO ANOTHER AND TO PROVIDE FOR CERTIFICATION TO THAT EFFECT BY THE ADVISORY COORDINATING COUNCIL FOR ECONOMIC DEVELOPMENT.

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

SECTION 1. Section 12-10-50 of the 1976 Code, as last amended by Act 462 of 1996, is further amended to read:

"Section 12-10-50. (A) To qualify for the benefits provided in this chapter, a business must:

(1) be located within this State and satisfy the following criteria:;

(1)(2) it must be primarily engaged primarily in a business of the type identified in Section 12-6-3360;

(2)(3) the business shall provide a benefits package, which includes health care, to full-time employees which includes health care;

(3)(4) the business shall enter into a revitalization agreement which is approved by the council, except that no a revitalization agreement is not required for a qualifying business with respect to Section 12-10-80(D); and

(4)(5) the receive council shall determine determination that the available incentives are appropriate for the project, and including certification from the council shall certify that the:

(a) total benefits of the project exceed the costs to the public,; and that the

(b) project is not one created solely by the transfer within the previous twelve months of the business location from an existing site in a county in this State to a new site in another county; and

(c) business otherwise fulfills the requirements of this chapter.

(B) No provision of this chapter must be construed to allow The council to may not negotiate a fee-in-lieu of property taxes agreement or approve job training or retraining."

SECTION 2. This act is effective upon approval by the Governor for tax years beginning after December 31, 1999.

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