Bill Sponsor
South Carolina Senate Bill 1021
Session 2023-2024
Abandoned buildings tax credit
Active
Active
Passed House on May 9, 2024
Sponsors
Unknown
Davis
Democrat
Margie Bright Matthews
Republican
George E. "Chip" Campsen, III
First Action
Feb 6, 2024
Latest Action
May 15, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
1021
State
South Carolina
Session
2023-2024
Sponsorship by Party
Unknown
Davis
Primary
Summary
AN ACT TO EXTEND THE PROVISIONS OF THE SOUTH CAROLINA ABANDONED BUILDINGS REVITALIZATION ACT TO 2035; TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-67-140, RELATING TO THE ABANDONED BUILDINGS TAX CREDIT, SO AS TO INCREASE THE AMOUNT OF THE MAXIMUM TAX CREDIT THAT MAY BE EARNED; AND BY ADDING SECTION 12-6-3810 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT EQUAL TO FIFTY PERCENT OF AN ELIGIBLE TAXPAYER'S QUALIFIED RAILROAD RECONSTRUCTION OR REPLACEMENT EXPENDITURES, AND TO PROVIDE FOR THE ADMINISTRATION OF THE TAX CREDIT. - RATIFIED TITLE
Sources
Record Created
Feb 6, 2024 8:04:35 PM
Record Updated
May 16, 2024 4:37:02 AM