South Carolina House Bill 3856 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-09 - Referred to Committee on Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Amend Section 13-17-40, Code Of Laws Of South Carolina, 1976, Relating To Members Of The South Carolina Research Authority Board Of Trustees, So As To Provide That The Board Consists Of Certain University Presidents Or Their Designees, To Provide Certain Requirements For Designees, And To Provide That The Executive Committee Shall Elect Two Additional Members Who Are Not Required To Be Trustees At The Time Of Their Election; To Amend Section 13-17-70, Relating To The Powers Of The Board Of Trustees, So As To Provide That The Board May Invest In Certain Obligations Of Private Entities; To Amend Section 13-17-87, Relating To The Establishment Of Research Innovation Centers, So As To Provide That The South Carolina Research Authority May Allow A Company To Remain In An Innovation Center For Up To Five Years Or Until Exceeding Five Million Dollars But Does Not Apply With Respect To Thirty-five Percent Of The Square Feet In An Innovation Center; And To Amend Section 12-6-3585, As Amended, Relating To The Industry Partnership Fund Tax Credit, So As To Provide That If The Aggregate Credit Amount Is Not Met In A Certain Timeframe Then The Single Taxpayer Maximum Credit Is Increased To One Million Dollars.

SC research authority board; industry partnership fund tax credit

Sen. Jason Elliott [R]

Date	Chamber	Action
2021-02-09	House	Referred to Committee on Judiciary
2021-02-09	House	Introduced and read first time

S0635 (Similar To) 2022-05-31 - Act No. 172

Chapter	Article	Section	Citation Type	Statute Text
12	6	3585	(n/a)	See Bill Text
13	17	40	(n/a)	See Bill Text
13	17	70	(n/a)	See Bill Text
13	17	87	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=3856&session=124&summary=B
Text	https://www.scstatehouse.gov/sess124_2021-2022/prever/3856_20210209.htm