Bills Assigned to Keyword - Economic Development (21)

Date of Last Recorded Action: 6/21/2024


H 3319 High Growth Small Business Job Creation Act of 2013 04.10.2013 The House Ways and Means Sales and Income Tax subcommittee carried this bill over. Members plan to use H3505 as the vehicle to pass this legislation.Summary of the bill as introduced: Creates state nonrefundable income tax credits for qualified investments in businesses meeting certain criteria and primarily engaged in manufacturing, processing, warehousing, wholesaling, software development, IT services, research and development.
Sponsor: Dwight A. Loftis House Com: WM Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 1/15/2013
Keywords: Economic Development Finance/Revenue/Taxes
Of Interest
H 3437 Creates a study committee on economic development 03.21.2013 The House Labor, Commerce and Industry committee gave this bill a favorable report.03.19.2013 The House Labor, Commerce and Industry Business and Commerce subcommittee gave this bill a favorable report with an amendment. The amendment modifies the makeup of the committee appointments.Summary of the bill as introduced: Creates a joint committee on economic development to study the laws governing and affecting economic development.
Sponsor: McLain R. "Mac" Toole House Com: LCI Senate Com:
Status: Senate - Committed to Committee on Finance Status Date: 4/17/2013
Keywords: Economic Development
Of Interest
H 3505 High Growth Small Business Access to Capital Act of 2013 05.30.2013 The Senate Finance committee gave this bill a favorable report with an amendment. The amedment adds the date of January 1 for the annual submission of data.04.17.2013 The House Ways and Means committee gave this bill a favorable report.Summary of the bill as introduced: Provides state nonrefundable income tax credits for qualified investments in businesses meeting certain criteria and primarily engaged in manufacturing, processing, warehousing, wholesaling, software development, IT services and research and development.
Sponsor: Dwight A. Loftis House Com: WM Senate Com: Fin
Status: Act No. 80 Status Date: 6/24/2013
Keywords: Economic Development
Passed
H 3792 Changes members of the executive committee of a metropolitan planning organizationSummary of the bill as introduced: Changes the representation on the executive committee of a metropolitan planning organization whose boundaries have been modified due to the US Census Bureau's reclassification of an area from rural to urban. 
Sponsor: Laurie Slade Funderburk House Com: Judy Senate Com:
Status: House - Referred to Committee on Judiciary Status Date: 3/7/2013
Keywords: Economic Development
Of Interest
H 3900 Revises the definition of economic development projectSummary of the bill as introduced: Adds a definition for an enhanced  economic development project that extends to a project originally qualifying as an economic development project based on at least a $400 million investment (Boeing expansion)
Sponsor: Robert W. Harrell, Jr. House Com: WM Senate Com:
Status: House - Member(s) request name added as sponsor: Murphy, Hodges Status Date: 4/10/2013
Keywords: Economic Development Finance/Revenue/Taxes
Of Interest
H 3922 SC Community Land Bank Act of 2013Summary of the bill as introduced: Allows nonprofit corporations to be formed to acquire, manage and provide a new purpose and use for vacant, foreclosed or abandoned properties.
Sponsor: Harold Mitchell, Jr. House Com: LCI Senate Com:
Status: House - Referred to Committee on Labor, Commerce and Industry Status Date: 4/10/2013
Keywords: Economic Development
Of Interest
H 4077 Changes definitions in the state General Obligation Economic Development Bond Act Summary of the bill as introduced: Clarifies that the definition of economic development project including a national and international convention and trade show center owned by a public entity includes an adjacent facility allowing specific events.
Sponsor: Alan D. Clemmons House Com: WM Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 4/30/2013
Keywords: Economic Development
Of Interest
H 4478 South Carolina New Market Jobs ActSummary of the bill as introduced: Provides a credit against insurance premium taxes and possible other states taxes made in certain investments by a community development entity.
Sponsor: Terry Alexander House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 1/14/2014
Keywords: Economic Development
Of Interest
H 4600 SC Roads for Economic Development Act05.13.2014 The House Ways and Means Revenue Policy subcommittee adjourned debate on this bill.Summary of the bill as introduced: Allow a transportation improvement project to be funded with a percentage of sales tax revenue within the district as long as the percentage is approved by the local governing body  and the state fiscal accountability authority.
Sponsor: J. Gary Simrill House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 2/5/2014
Keywords: Economic Development Finance/Revenue/Taxes Transportation
Of Interest
H 4778 SC New Market Jobs Act05.07.2014 The House Ways and Means Economic Development, Capital Improvement and Other Taxes subcommittee gave this bill a favorable report. Summary of the bill as introduced: Provides a credit against insurance premium taxes and possible other state taxes made in certain investments by community development entities.
Sponsor: James E. Smith, Jr. House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 2/25/2014
Keywords: Economic Development Finance/Revenue/Taxes
Of Interest
H 4799 SC Small Business Tax Incentives ActSummary of the bill as introduced: Allows various income tax deductions and credits for resident taxpayers for investment in qualified businesses in this state.
Sponsor: Dwight A. Loftis House Com: Senate Com:
Status: House - Member(s) request name added as sponsor: Stavrinakis Status Date: 3/4/2014
Keywords: Economic Development Finance/Revenue/Taxes
Of Interest
H 4807 Includes a specific project in the definition of eligible project Summary of the bill as introduced: Includes in the definition of "eligible project" a municipal or county-owned multiuse sports and recreational complex located in a county which has collected at least $5 million  in state-imposed accommodations tax.
Sponsor: Tracy R. Edge House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 2/27/2014
Keywords: Economic Development
Of Interest
H 4875 SC Economic Development Tax Incentive Evaluation Act of 2014Summary of the bill as introduced: Requires the Department of Revenue to complete a study every four years to assess the impact, both the economic benefits and financial cost, of economic development tax incentives.
Sponsor: Laurie Slade Funderburk House Com: Senate Com:
Status: House - Referred to Committee on Ways and Means Status Date: 3/6/2014
Keywords: Economic Development Finance/Revenue/Taxes
Of Interest
S 0262 High Growth Small Business Job Creation Act of 2013 02.05.2013 The Senate Finance committee gave this bill a favorable report.Summary of the bill as introduced: Creates state nonrefundable income tax credits for qualified investments in businesses meeting certain criteria and primarily engaged in manufacturing, processing, warehousing, wholesaling, software development, IT services, research and development.
Sponsor: Hugh K. Leatherman, Sr. House Com: WM Senate Com: Fin
Status: House - Referred to Committee on Ways and Means Status Date: 3/19/2013
Keywords: Economic Development Finance/Revenue/Taxes
Of Interest
S 0302 Establishes a longetity pay plan for state retirement system participantsSummary of the bill as introduced: Directs PEBA to design, implement and maintain a longevity pay plan for state employees. This bill also requires the SC General Assembly to fund the costs of the plan.
Sponsor: Vincent A. Sheheen House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 1/29/2013
Keywords: Economic Development Employment/Personnel
Of Interest
S 0387 Increases the job retraining tax credit 05.30.2013 The Senate Finance committee gave this bill a favorable report with an amendment.03.19.2013 The Senate Finance committee carried this bill over.Summary of the bill as introduced: Increases the retraining credit and specifies the eligible employees and programs. 
Sponsor: William H. O'Dell House Com: Senate Com: Fin
Status: House - Referred to Committee on Ways and Means Status Date: 6/6/2013
Keywords: Economic Development
Of Interest
S 0491 Changes definitions in the State General Obligation Economic Development Bond Act 03.21.2013 The Senate Finance Sales and Income Tax subcommittee carried this bill over.Summary of the bill as introduced: Clarifies that an economic development project includes a project which generates new annual cargo of at least 25,000 20 foot equivalent units connected with a new distribution center that is at least one million square feet in size, located in SC on land owned by the state or a political subdivision and supported by 200 new jobs.
Sponsor: John W. Matthews, Jr. House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 3/6/2013
Keywords: Economic Development
Of Interest
S 0524 Includes more counties and municipalites in the Rural Infrastructure Fund grantsSummary of the bill as introduced: Includes counties with a population of less than 40,000 residents and municipalities located in counties with a population of less than 40,000 residents in the Rural Infrastructure Grant awards. 
Sponsor: A. Shane Massey House Com: Senate Com: Fin
Status: Senate - Referred to Committee on Finance Status Date: 3/13/2013
Keywords: Economic Development
Of Interest
S 0610 Changes definitions in the state General Obligation Economic Development Bond Act 05.28.2013 The House Ways and Means committee gave this bill a favorable report.05.23.2013 The House Ways and Means General Government, Personnel and Benefits subcommittee gave this bill a favorable report.04.23.2013 The Senate Finance committee gave this bill a favorable report.04.17.2013 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report.Summary of the bill as introduced: Clarifies that the definition of economic development project including a national and international convention and trade show center owned by a public entity includes an adjacent facility allowing specific events.
Sponsor: Luke A. Rankin House Com: WM Senate Com: Fin
Status: Act No. 73 Status Date: 6/24/2013
Keywords: Economic Development
Passed
S 0806 Creates the Division of Small Business and Entrepreneurial Development within the SC Department of CommerceSummary of the bill as introduced: Creates a new division in the SC Department of Commerce to develop and implement an economic development strategy for promoting small businesses in South Carolina, including new business start-up, entrepreneurial development, and growth strategies for currently existing small businesses.
Sponsor: Nikki G. Setzler House Com: Senate Com:
Status: Senate - Referred to Committee on Labor, Commerce and Industry Status Date: 1/14/2014
Keywords: Economic Development
Of Interest
S 0892 Enacts the South Carolina New Market Jobs ActSummary of the bill as introduced: Provides an insurance premium tax credit against certain investments made by community development entities.
Sponsor: Paul G. Campbell, Jr. House Com: Senate Com:
Status: Senate - Committed to Committee on Finance Status Date: 1/15/2014
Keywords: Economic Development
Of Interest






Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc