H 4087 South Carolina House · 2023-2024 Regular Session

Income tax credits

Summary
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-3410, RELATING TO CORPORATE INCOME TAX CREDIT FOR CORPORATE HEADQUARTERS, SO AS TO PROVIDE CHANGES TO STAFFING REQUIREMENTS AND CERTAIN TIMING; BY AMENDING SECTION 12-6-3460, RELATING TO THE RECYCLING FACILITY TAX CREDIT DEFINITIONS, SO AS TO LOWER THE MINIMUM LEVEL OF INVESTMENT FOR A QUALIFIED RECYCLING FACILITY AND TO INCLUDE CERTAIN PRODUCTS TO THE DEFINITION OF "POSTCONSUMER WASTE MATERIAL"; BY AMENDING SECTIONS 12-10-20, 12-10-30, 12-10-40, 12-10-45, 12-10-50, 12-10-60, AND 12-10-80, ALL RELATING TO THE ENTERPRISE ZONE ACT OF 1995, SO AS TO ALLOW REMOTE EMPLOYEES WORKING IN SOUTH CAROLINA TO BE INCLUDED IN CERTAIN JOB CREATION REQUIREMENTS AND TO CREATE A NEW PROVISION TO INCENTIVIZE CERTAIN COMPANIES; BY AMENDING SECTION 12-10-95, RELATING TO THE ENTERPRISE ZONE ACT CREDIT AGAINST WITHHOLDING FOR RETRAINING, SO AS TO ADD WAREHOUSING AND DISTRIBUTION AND TO PROVIDE FOR APPROVAL REQUIREMENTS; AND BY AMENDING SECTION 12-6-1120, RELATING TO GROSS INCOME, SO AS TO PROVIDE FOR CERTAIN DEDUCTIONS TO TAXABLE INCOME. - RATIFIED TITLE
Bill status signed all 5 stages cleared
Introduction
Mar 2023
Committee Review
Jun 2024
House Passage
Apr 2023
Senate Passage
May 2024
Signed into Law
Jul 2024
Introduced Mar 7, 2023 Signed Jul 2, 2024
Floor votes · Senate May 8, 2024 · House Apr 5, 2023

How they voted

450
Passed · 1 other
Total votes 46
May 8, 2024
D Democratic15
14 Yea 1
93% Yea
I Independent1
1 Yea
100% Yea
R Republican30
30 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
37
Key actions
12
Committee
7
Amendments
6
Jul 2, 2024
Signed into law
Signed By Governor
legislature
Jun 26, 2024
Lower · Passed
Conference report received and adopted
lower
May 9, 2024
Upper · Passed
Conference committee appointed Davis, Setzler, Massey
upper
May 9, 2024
Lower · Passed
House insists upon amendment and conference committee appointed Reps. West, B Newton, Kirby
lower
May 9, 2024
Introduced
Non-concurrence in House amendment
upper
May 9, 2024
Introduced
Returned to Senate with amendments
lower
May 9, 2024
Amended
Senate amendment amended
lower
May 8, 2024
Upper · Passed
Read third time and returned to House with amendments
upper
May 8, 2024
Upper · Passed
Amended
upper
May 8, 2024
Upper · Passed
Committee Amendment Adopted
upper
Apr 18, 2024
Upper · Passed
Committee report: Favorable with amendment Finance
upper
Apr 6, 2023
Committee
Referred to Committee on Finance
upper
Apr 6, 2023
Introduced
Introduced and read first time
upper
Apr 6, 2023
Lower · Passed
Read third time and sent to Senate
lower
Apr 5, 2023
Lower · Passed
Amended
lower
Apr 5, 2023
House · Passed
House Vote: pass (82-12-28)
house
Mar 30, 2023
Lower · Passed
Committee report: Favorable with amendment Ways and Means
lower
Mar 7, 2023
Committee
Referred to Committee on Ways and Means
lower
Mar 7, 2023
Introduced
Introduced and read first time
lower
17 primary · 0 co-sponsors

Sponsors