South Carolina Developer-Provided Transit Stop

A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 5 TO CHAPTER 7, TITLE 6 SO AS TO ENACT THE "SOUTH CAROLINA DEVELOPER-PROVIDED TRANSIT STOP ACT" TO AUTHORIZE COUNTIES AND MUNICIPALITIES TO INCENTIVIZE DEVELOPERS OF CERTAIN HOUSING PROJECTS THAT ADJOIN OR ARE WITHIN A HALF MILE OF A PUBLIC TRANSIT LINE TO PROVIDE SPACE AND APPROPRIATE BUS STOP INFRASTRUCTURE FOR TRANSIT RIDERS INCLUDING A SAFE, WALKABLE PATH ON THEIR PROPERTY TO SUCH STOPS; AND TO AMEND SECTION 12-6-3420, RELATING TO TAX CREDITS FOR THE CONSTRUCTION OR IMPROVEMENT OF CERTAIN INFRASTRUCTURE PROJECTS, SO AS TO PROVIDE A TAX CREDIT FOR EXPENSES ACCRUED BY A TAXPAYER TO BUILD, CONSTRUCT, OR OTHERWISE PROVIDE SPACE AND APPROPRIATE BUS STOP INFRASTRUCTURE IN CONJUNCTION WITH THE DEVELOPMENT OF A HOUSING PROJECT THAT RECEIVED ONE OR MORE OF THE LOCAL GOVERNMENT INCENTIVES PROVIDED PURSUANT TO THIS ACT.