License tax credits allowed for contributions to qualifying infrastructure and development projects
Summary
AN ACT TO AMEND SECTION 12-20-105, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO STATE LICENSE TAX CREDITS ALLOWED CERTAIN TAXPAYERS FOR CONTRIBUTIONS TO QUALIFYING INFRASTRUCTURE AND ECONOMIC DEVELOPMENT PROJECTS, SO AS TO INCREASE THE MAXIMUM ANNUAL CREDIT AMOUNT FROM FOUR HUNDRED THOUSAND TO SIX HUNDRED THOUSAND DOLLARS, TO PROVIDE ADDITIONAL ANNUAL CREDIT AMOUNTS OF FIFTY THOUSAND DOLLARS, ONE HUNDRED THOUSAND DOLLARS, AND ONE HUNDRED FIFTY THOUSAND DOLLARS, RESPECTIVELY, FOR QUALIFYING PROJECTS LOCATED IN COUNTIES CLASSIFIED FOR THE TARGETED JOBS TAX CREDIT AS TIER II, III, AND IV COUNTIES, AND TO PROVIDE ADDITIONAL ELIGIBILITY REQUIREMENTS FOR THESE INCREASED CREDIT AMOUNTS. - ratified title
Bill status
signed
all 5 stages cleared
Introduction
Jan 2021
Committee Review
May 2022
House Passage
May 2022
Senate Passage
May 2022
Signed into Law
May 2022
Introduced Jan 12, 2021
Signed May 16, 2022
Floor votes · Senate May 10, 2022 · House Apr 6, 2022
How they voted
39–3
Passed · 2 other
Total votes 44
May 10, 2022
D
Democratic15
93% Yea
I
Independent1
100% Yea
R
Republican28
85% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
31
Key actions
10
Committee
5
Amendments
2
May 16, 2022
Signed into law
Signed By Governor
legislature
May 12, 2022
Lower · Passed
Concurred in Senate amendment and enrolled
lower
May 11, 2022
Upper · Passed
Read third time and returned to House with amendments
upper
May 10, 2022
Senate · Passed
Senate Vote: pass (39-3-2)
senate
May 4, 2022
Upper · Passed
Committee Amendment Adopted
upper
May 3, 2022
Upper · Passed
Committee report: Favorable with amendment Finance
upper
Apr 7, 2022
Committee
Referred to Committee on Finance
upper
Apr 7, 2022
Introduced
Introduced and read first time
upper
Apr 7, 2022
Lower · Passed
Read third time and sent to Senate
lower
Apr 6, 2022
Lower · Passed
Amended
lower
Apr 6, 2022
House · Passed
House Vote: pass (103-5-11)
house
Mar 31, 2022
Lower · Passed
Committee report: Favorable with amendment Ways and Means
lower
Jan 12, 2021
Committee
Referred to Committee on Ways and Means
lower
Jan 12, 2021
Introduced
Introduced and read first time
lower
Dec 9, 2020
Committee
Referred to Committee on Ways and Means
lower
6 primary · 0 co-sponsors
Sponsors
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