SC H4310 | 2009-2010 | 118th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Passed on March 10 2010 - 100% progression
Action: 2010-03-10 - Act No. 130

Summary

AN ACT TO AMEND SECTION 4-10-970, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO USES ALLOWED FOR REVENUES OF THE LOCAL OPTION TOURISM DEVELOPMENT FEE, SO AS TO ALLOW AMOUNTS UP TO TWENTY PERCENT OF THE REVENUE TO BE USED FOR PROPERTY TAX RELIEF FOR OWNER-OCCUPIED RESIDENTIAL PROPERTY AND FOR TOURISM-RELATED CAPITAL PROJECTS BEGINNING IN THE SECOND RATHER THAN THE THIRD YEAR OF IMPOSITION OF THE FEE, TO REQUIRE THE AMOUNTS USED FOR THESE PURPOSES TO BE RETAINED BY THE MUNICIPALITY WITH AT LEAST TWENTY PERCENT OF THE AMOUNT RETAINED USED AS A CREDIT AGAINST THE PROPERTY TAX LIABILITY OF OWNER-OCCUPIED RESIDENTIAL PROPERTY AND PROVIDE FOR THE CALCULATION OF THE CREDIT, TO PROVIDE FOR THE USE OF CREDITS IN EXCESS OF THE MUNICIPAL PROPERTY TAX LIABILITY, AND TO PROVIDE REPORTING REQUIREMENTS. - ratified title

Tracking Information

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Title

Allow Amounts Up To Twenty Percent Of The Revenue To Be Used For Property Tax Relief For Owner-occupied Residential Property And For Tourism-related Capital Projects Beginning In The Second Rather Than The Third Year Of Imposition Of The Fee, To Require The Amounts Used For These Purposes To Be Retained By The Municipality With At Least Twenty Percent Of The Amount Retained Used As A Credit Against The Property Tax Liability Of Owner-occupied Residential Property And Provide For The Calculation Of The Credit, To Provide For The Use Of Credits In Excess Of The Municipal Property Tax Liability, And To Provide Reporting Requirements. - Ratified Title

Sponsors


History

DateChamberAction
2010-03-10 Act No. 130
2010-03-03 Effective date 02/25/10
2010-02-25 Became law without Governor's signature
2010-02-18 Ratified R 133
2010-02-17 Roll call Yeas-97 Nays-0 HJ-30
2010-02-17 Concurred in Senate amendment and enrolled HJ-28
2010-02-09 Read third time and returned to House with amendments SJ-16
2010-02-04 Read second time SJ-16
2010-02-04 Committee Amendment Adopted SJ-16
2010-02-03 Committee report: Favorable with amendment Finance SJ-34
2010-01-27 Referred to Committee on Finance SJ-9
2010-01-27 Introduced and read first time SJ-9
2010-01-21 Read third time and sent to Senate HJ-33
2010-01-20 Roll call Yeas-91 Nays-2 HJ-24
2010-01-20 Read second time HJ-22
2010-01-20 Member(s) request name added as sponsor: Barfield
2010-01-19 Requests for debate-Rep(s). Haley, Ott, Kennedy, Hart, McLeod, Duncan, Clemmons, Jefferson, Skelton, Littlejohn, R. Brown, and Toole HJ-16
2010-01-19 Member(s) request name added as sponsor: Edge
2010-01-14 Recalled from Committee on Ways and Means HJ-541
2010-01-13 Referred to Committee on Ways and Means HJ-42
2010-01-13 Introduced and read first time HJ-42

Same As/Similar To

H4170 (Similar To) 2010-01-12 - Referred to Committee on Ways and Means HJ-17

Code Citations

ChapterArticleSectionCitation TypeStatute Text
410970(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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