SC H4657 | 2019-2020 | 123rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 14 2020 - 25% progression, died in committee
Action: 2020-01-15 - Member(s) request name added as sponsor: Wheeler
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 14 2020 - 25% progression, died in committee
Action: 2020-01-15 - Member(s) request name added as sponsor: Wheeler
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amend The Code Of Laws Of South Carolina, 1976, To Enact The "south Carolina Opportunity Zone Enhancement Act Of 2020" By Adding Section 12-6-3805 So As To Provide An Income Tax Credit To Taxpayers Investing In New Projects Located In An Opportunity Zone In This State; By Adding Section 12-6-3810 So As To Allow A Taxpayer Eligible For A Federal Low-income Housing Tax Credit To Claim A Low-income State Tax Credit, If The Property Is Located In Designated Opportunity Zones In This State; To Amend Section 12-6-3360, Relating To The Jobs Tax Credit, So As To Provide For An Additional Credit For Full-time Jobs Created In Tier Iii And Tier Iv Counties Within Designated Opportunity Zones; By Adding Article 27 To Chapter 36, Title 12 So As To Provide For A Sales Tax Rebate And Credit To A Grocery Store Vendor Which Locates A Store In An Opportunity Zone In An Area Which Is Defined As A "food Desert"; By Adding Section 13-1-35 So As To Provide That The Department Of Commerce Shall Establish A Grant Program To Provide Nonrecurring Aid To Taxpayers Investing In New Projects In A Designated Opportunity Zone In Tier Iii Or Tier Iv Counties On A Priority Basis; And By Adding Section 13-1-45 So As To Establish Within The Department Of Commerce A South Carolina Opportunity Zone Leadership Task Force And To Provide For Its Duties And Functions.
Title
SC Opportunity Zone Enhancement Act of 2020
Sponsors
Rep. Marvin Pendarvis [D] | Rep. Leola Robinson-Simpson [D] | Rep. William Clyburn [D] | Rep. William Wheeler [D] |
History
Date | Chamber | Action |
---|---|---|
2020-01-15 | House | Member(s) request name added as sponsor: Wheeler |
2020-01-14 | House | Referred to Committee on Ways and Means |
2020-01-14 | House | Introduced and read first time |
2019-11-20 | House | Referred to Committee on Ways and Means |
2019-11-20 | House | Prefiled |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
12 | 6 | 3360 | (n/a) | See Bill Text |
12 | 6 | 3805 | (n/a) | See Bill Text |
12 | 6 | 3810 | (n/a) | See Bill Text |
13 | 1 | 35 | (n/a) | See Bill Text |
13 | 1 | 45 | (n/a) | See Bill Text |
South Carolina State Sources
Type | Source |
---|---|
Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=4657&session=123&summary=B |
Text | https://www.scstatehouse.gov/sess123_2019-2020/prever/4657_20191120.htm |