Environment

S. 556 creates a 25% tax credit for businesses investing in equipment to produce renewable natural gas (RNG) from landfill gas. The credit covers costs for purchasing, installing, and preparing equipment for commercial use (like processing and transporting RNG), with a maximum annual limit of $5 million or 25% of qualifying costs, whichever is lower. Businesses must get certification from the State Energy Office for equipment placed in service after 2025, and unused credits can be carried forward for up to 15 years. The tax credit applies to income tax or license fees for tax years 2026 through 2031.

A CONCURRENT RESOLUTION TO RECOGNIZE THE ESSENTIAL VALUE AND IMPORTANCE OF SOUTH CAROLINA NATIVE PLANTS TO THE STATE'S ENVIRONMENT, LANDSCAPE, AGRICULTURE, HISTORY, AND ECONOMY, AND TO ENCOURAGE STATE AGENCIES, LOCAL GOVERNMENTS, AND PRIVATE LANDOWNERS TO USE NATIVE PLANTS FOR LANDSCAPING, EROSION CONTROL, AND VEGETATION MANAGEMENT WHENEVER POSSIBLE TO PROMOTE THE VIABILITY OF MIGRATORY AND NONMIGRATORY POLLINATORS AND TO HELP TO PRESERVE SOUTH CAROLINA'S UNIQUE FLORA AND FAUNA.