SC H3130 | 2009-2010 | 118th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on November 2 2009 - 100% progression
Action: 2009-11-02 - Act No. 124
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on November 2 2009 - 100% progression
Action: 2009-11-02 - Act No. 124
Summary
AN ACT TO PROVIDE FOR MAJOR ECONOMIC DEVELOPMENT IN THIS STATE BY AMENDING SECTION 12-6-2320, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ALLOCATION AND APPORTIONMENT OF A MULTISTATE TAXPAYER'S INCOME FOR PURPOSES OF THE SOUTH CAROLINA INCOME TAX ACT, SO AS TO PROVIDE THAT THE DEPARTMENT OF REVENUE MAY ENTER INTO AN ALLOCATION AND APPORTIONMENT AGREEMENT APPLICABLE FOR NOT MORE THAN TEN YEARS WITH A TAXPAYER IF THE TAXPAYER IS PLANNING A NEW FACILITY IN THIS STATE AND INVESTS AT LEAST SEVEN HUNDRED FIFTY MILLION DOLLARS IN REAL OR PERSONAL PROPERTY OR BOTH IN A SINGLE COUNTY IN THIS STATE AND CREATES AT LEAST THREE THOUSAND EIGHT HUNDRED FULL-TIME NEW JOBS AND TO EXTEND THE DEFINITION OF "TAXPAYER" FOR PURPOSES OF ENTERING INTO ALLOCATION AND APPORTIONMENT AGREEMENTS; BY AMENDING SECTION 12-36-2120, AS AMENDED, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXEMPT AIRCRAFT FUEL USED IN TEST FLIGHTS AND TRANSPORT OF UNCOMPLETED AIRCRAFT BETWEEN MANUFACTURING FACILITIES WHEN SOLD TO CERTAIN MANUFACTURERS, TO EXEMPT COMPUTER EQUIPMENT USED IN CONJUNCTION WITH A MANUFACTURING FACILITY WHERE THE TAXPAYER INVESTS AT LEAST SEVEN HUNDRED FIFTY MILLION DOLLARS AND CREATES AT LEAST THREE THOUSAND EIGHT HUNDRED FULL-TIME NEW JOBS IN THIS STATE OVER A SEVEN-YEAR PERIOD, AND TO EXEMPT CONSTRUCTION MATERIALS WHERE THE TAXPAYER MAKES A SIMILAR INVESTMENT AND CREATES A SIMILAR NUMBER OF FULL-TIME JOBS IN THIS STATE OVER A SIMILAR PERIOD; AND BY AMENDING SECTIONS 11-41-20, AS AMENDED, 11-41-50, AS AMENDED, 11-41-60, AND 11-41-90, ALL RELATING TO THE STATE GENERAL OBLIGATION ECONOMIC DEVELOPMENT BOND ACT, SO AS TO AUTHORIZE THE ISSUANCE OF ADDITIONAL STATE GENERAL OBLIGATION ECONOMIC DEVELOPMENT BONDS AND MAKE FINDINGS WITH RESPECT TO THIS ADDITIONAL AUTHORIZATION, TO PRESCRIBE THE LIMITATIONS APPLICABLE TO THE ISSUANCE OF THESE ADDITIONAL ECONOMIC DEVELOPMENT BONDS, AND TO MAKE CONFORMING AMENDMENTS. - ratified title
Title
Authorize The Issuance Of Additional State General Obligation Economic Development Bonds And Make Findings With Respect To This Additional Authorization, To Prescribe The Limitations Applicable To The Issuance Of These Additional Economic Development Bonds, And To Make Conforming Amendments. - Ratified Title
Sponsors
History
Date | Chamber | Action |
---|---|---|
2009-11-02 | Act No. 124 | |
2009-11-02 | Effective date See Act for Effective Date | |
2009-10-30 | Signed By Governor | |
2009-10-28 | Ratified R 123 SJ-5 | |
2009-10-28 | Scrivener's error corrected | |
2009-10-28 | Concurred in Senate amendment and enrolled HJ-3 | |
2009-10-28 | Read third time and returned to House with amendments | |
2009-10-27 | Read second time SJ-10 | |
2009-10-27 | Committee Amendment Adopted SJ-9 | |
2009-10-27 | Committee report: Favorable with amendment Finance SJ-9 | |
2009-04-30 | Referred to Committee on Finance SJ-13 | |
2009-04-30 | Introduced and read first time SJ-13 | |
2009-04-29 | Read third time and sent to Senate HJ-21 | |
2009-04-28 | Read second time HJ-27 | |
2009-04-22 | Committee report: Favorable Judiciary HJ-7 | |
2009-01-13 | Referred to Committee on Judiciary HJ-59 | |
2009-01-13 | Introduced and read first time HJ-59 | |
2008-12-16 | Referred to Committee on Judiciary | |
2008-12-16 | Prefiled |
Same As/Similar To
H3007 (Similar To) 2009-01-13 - Referred to Committee on Ways and Means HJ-20
H3272 (Similar To) 2010-02-11 - Recommitted to Committee on Finance SJ-16
H3272 (Similar To) 2010-02-11 - Recommitted to Committee on Finance SJ-16
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 41 | 20 | (n/a) | See Bill Text |
11 | 41 | 50 | (n/a) | See Bill Text |
11 | 41 | 60 | (n/a) | See Bill Text |
11 | 41 | 90 | (n/a) | See Bill Text |
12 | 36 | 2120 | (n/a) | See Bill Text |
12 | 6 | 2320 | (n/a) | See Bill Text |
South Carolina State Sources
Type | Source |
---|---|
Summary | https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=3130&session=118 |