South Carolina General Assembly
123rd Session, 2019-2020

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Indicates Matter Stricken
Indicates New Matter

S. 185

STATUS INFORMATION

General Bill
Sponsors: Senators McElveen, Rice and Alexander
Document Path: l:\s-res\jtm\005exte.kmm.jtm.docx
Companion/Similar bill(s): 3210

Introduced in the Senate on January 8, 2019
Currently residing in the Senate Committee on Finance

Summary: High Growth Small Business Job Creation Act (Angel Investor Act)

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/12/2018  Senate  Prefiled
  12/12/2018  Senate  Referred to Committee on Finance
    1/8/2019  Senate  Introduced and read first time (Senate Journal-page 126)
    1/8/2019  Senate  Referred to Committee on Finance 
                        (Senate Journal-page 126)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/12/2018

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 1B OF ACT 80 OF 2013, RELATING TO THE HIGH GROWTH SMALL BUSINESS JOB CREATION ACT OF 2013, COMMONLY REFERRED TO AS THE ANGEL INVESTOR ACT, FOUND IN CHAPTER 44, TITLE 11, TO EXTEND THE SUNSET PROVISION FROM DECEMBER 31, 2019 TO DECEMBER 31, 2025.

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

SECTION    1.    SECTION 1B of Act 80 of 2013 is amended to read:

"B.    The provisions of Chapter 44, Title 11, contained in this act are repealed on December 31, 2019 2025. Any carry forward credits shall continue to be allowed until the ten year time period in Section 11-44-40(B) is completed."

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

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This web page was last updated on February 19, 2019 at 3:18 PM