Now that the first regular session of the 123rd South Carolina General Assembly has convened, the SCACPA Advocacy Team wants all members to be aware of four key bills we are monitoring.
These include a House bill that addresses the application process and fees for rehabilitation expenditures for certified historic structures; and three Senate bills that deal with annual financial audits for special purpose districts; legislative review of the Occupational Licensure Reform Act; and income tax credits for solar energy.
This is in addition to our annual drive for Conformity to the Federal tax code and updates regarding the progress of the Senate Tax Reform Subcommittee.
You can stay up to date on updates dealing with these bills on the SCACPA blog, our social media and your Thursday morning Current Assets e-newsletter. The weekly “View from the Dome” review of happenings at the State House, courtesy of our lobbying partners at Copper Dome Strategies LLC appears every Friday afternoon.
If you have questions or comments about these regulations, contact SCACPA’s Governmental Affairs Committee through SCACPA CEO Chris Jenkins at email@example.com.
You can get an overview on these bills and a link to the full text of each proposal below:
H.3485 (General Bill, By Rep. Joseph H. Jefferson Jr., D-Berkeley)
A bill to amend Section 12-6-3535, Code of Laws of South Carolina, 1976, relating to an income tax credit for making qualified rehabilitation expenditures for a certified historic structure, so as to remove a provision allowing the Department of Archives and History to establish fees, to provide that a taxpayer claiming the credit must pay a fee to the Department of Archives and History for the State Historic Preservation Grant Fund, and to provide that the department shall develop an application process; and to amend section 12-6-5060, relating to voluntary contributions made by an individual by means of the income tax return check off, so as to add the Department of Archives and History.
Status – Jan. 9: Introduced and read first time; Referred to House Committee on Ways and Means.
S.328 (General Bill, By Sen. Vincent Sheheen, D-Kershaw)
A bill to amend section 6-11-1650 of the 1976 Code, relating to annual financial audits for special purpose districts, to provide that a county auditor must provide a certified statement to the secretary of state in the event that the special purpose district does not have available funds to perform an audit.
Status – Jan. 8: Introduced and read first time; Referred to Committee on Finance
S.330 (General Bill, By Sen. Tom Davis, R-Beaufort)
A bill to enact the “Occupational Licensure Reform Act”; to amend Article 1, Chapter 3, Title 41 of the 1976 Code, relating to the Department and Director of Labor, Licensing and Regulation, by adding Section 41-3-45, to provide that certain regulations must undergo legislative review to identify whether present, significant or substantiated harms would exist in the absence of the regulation that would warrant government intervention and, if so, to provide that the Senate Committee on Legislative Oversight and the House of Representatives Committee on Legislative Oversight shall consider alternative provisions that would be the least restrictive and impose the lowest burdens and costs while protecting consumers from harm.
Status – Jan. 8: Introduced and read first time; Referred to Committee on Labor, Commerce and Industry
S.362 (General Bill, Sen. Danny Verdin III, R-Laurens)
A bill to amend Article 25, Chapter 6, Title 12 of the 1976 code, relating to income tax credits, by adding Section 12-6-3775, to provide for an income tax credit to an individual or business that constructs, purchases, or leases certain solar energy property and that places it in service in this state, and to define necessary terms.
Status – Jan. 10: Introduced and read first time; Referred to Senate Committee on Finance