General Obligations Bond Act (H.4332) This bill provides additional flexibility for the Department of Commerce relating to infrastructure and bonding. Status: Passed the House
Workforce and Senior Affordable Housing Act (H.3998) This bill allows a taxpayer eligible for a federal low-income housing tax credit to claim a low-income housing state tax credit. Status: Passed House and Senate Finance Committee
SC Port Volume Tax Credit (H.3778, S.439) This bill increases the available annual tax credit to $15 million from $8 million. It also provides for a new transportation tax credit for facilities located in the lower part of the state (closer to the Savannah port). Status: H.3778 passed the House; S.439 passed Senate and passed House Ways and Means
Angel Incentives (S.185, H.3210) This credit, provided to qualified investors of small high impact companies (preceding venture capital), is set to expire this year. These bills extend the credit by seven years. Pointing to an estimated 900 jobs created and $51 million invested as a result of this bill’s passage in 2013, proponents are working to move both bills this year. Status: S.185 passed the Senate; H.3210 passed the House
Textile Mills (S.440) Sen. Scott Talley (R-Spartanburg)
Related to contiguous parcels and rehabilitation expenses of textile mills. Status: Passed Senate; passed House Ways and Means Committee
JEDA Conforming Bill (S.621) A bill that conforms South Carolina Jobs-Economic Development Authority (JEDA) provisions to the U.S. Treasury regulations (issued Dec 2018) related to public notice of hearings and bonding provisions. Status: Passed Senate; passed House Ways and Means Committee
Cable Television Tax Income (S.408) This bill allows cable television system operators to report income based on the “cost of performance” method. Status: Passed Senate; passed House Ways and Means Committee
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