Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
6.9 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||||||||||||||
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| Bill | Community Development Corporations and Financial Institutions | AN ACT TO AMEND SECTION 12-6-3530, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO COMMUNITY DEVELOPMENT TAX CREDITS, SO AS TO ALLOW A TAX CREDIT OF FIFTY PERCENT OF ANY CASH DONATION TO A COMMUNITY DEVELOPMENT CORPORATION OR COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, TO INCREASE AN AGGREGATE CREDIT PROVISION, TO ESTABLISH TAX CREDIT RESERVE ACCOUNTS FOR THE FIRST THREE QUARTERS OF EACH TAX YEAR SO AS TO AVOID THE DEPLETION OF CREDITS BY AN INDIVIDUAL TAXPAYER, TO DELETE THE PRO-RATA DISTRIBUTION OF TAX CREDITS, TO ALLOW FINANCIAL INSTITUTIONS WITH TAX LIABILITIES IN THIS STATE TO INVEST IN COMMUNITY DEVELOPMENT CORPORATIONS FOR THE PURPOSE OF RECEIVING A TAX CREDIT, AND TO PROVIDE THAT RETURNS ON INVESTMENTS IN CERTIFIED COMMUNITY DEVELOPMENT CORPORATIONS AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS MAY NOT EXCEED THE TOTAL AMOUNT OF THE INITIAL INVESTMENT; TO AMEND SECTION 4 OF ACT 314 OF 2000, AS AMENDED, RELATING TO COMMUNITY DEVELOPMENT CORPORATIONS AND FINANCIAL INSTITUTIONS, SO AS TO EXTEND THE PROVISIONS OF THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT UNTIL JUNE 30, 2023; AND BY ADDING SECTION 12-6-3775 SO AS 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 CERTAIN PLACES IN THIS STATE, AND TO DEFINE NECESSARY TERMS. - ratified title | us/states/sc | South Carolina General Assembly | 2019-2020 | H 4133 | South Carolina H 4133 (2019-2020) |
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enacted |
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7 | 22 | 3 | 2019-02-27 | 2019-06-05 | openstates | ocd-bill/2e16b255-4152-477a-9246-61332e55e187 | https://www.scstatehouse.gov/billsearch.php?billnumbers=4133&session=123&summary=B | f40be1debe0a33d8a456508c8c0ee19d6c45fd9f06806fb6ebb74a3171912f23 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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South Carolina H 4133 (2019-2020) — Community Development Corporations and Financial Institutions
AN ACT TO AMEND SECTION 12-6-3530, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO COMMUNITY DEVELOPMENT TAX CREDITS, SO AS TO ALLOW A TAX CREDIT OF FIFTY PERCENT OF ANY CASH DONATION TO A COMMUNITY DEVELOPMENT CORPORATION OR COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, TO INCREASE AN AGGREGATE CREDIT PROVISION, TO ESTABLISH TAX CREDIT RESERVE ACCOUNTS FOR THE FIRST THREE QUARTERS OF EACH TAX YEAR SO AS TO AVOID THE DEPLETION OF CREDITS BY AN INDIVIDUAL TAXPAYER, TO DELETE THE PRO-RATA DISTRIBUTION OF TAX CREDITS, TO ALLOW FINANCIAL INSTITUTIONS WITH TAX LIABILITIES IN THIS STATE TO INVEST IN COMMUNITY DEVELOPMENT CORPORATIONS FOR THE PURPOSE OF RECEIVING A TAX CREDIT, AND TO PROVIDE THAT RETURNS ON INVESTMENTS IN CERTIFIED COMMUNITY DEVELOPMENT CORPORATIONS AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS MAY NOT EXCEED THE TOTAL AMOUNT OF THE INITIAL INVESTMENT; TO AMEND SECTION 4 OF ACT 314 OF 2000, AS AMENDED, RELATING TO COMMUNITY DEVELOPMENT CORPORATIONS AND FINANCIAL INSTITUTIONS, SO AS TO EXTEND THE PROVISIONS OF THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT UNTIL JUNE 30, 2023; AND BY ADDING SECTION 12-6-3775 SO AS 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 CERTAIN PLACES IN THIS STATE, AND TO DEFINE NECESSARY TERMS. - ratified title
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Filed (filed) — source
- 2/27/2019 (committee substitute) — source
- 3/27/2019 (committee substitute) — source
- 4/30/2019 (committee substitute) — source
- 5/7/2019 (committee substitute) — source
- 5/8/2019 (committee substitute) — source
- 5/9/2019 (committee substitute) — source
Votes
- Passage of Bill — 93–6 (pass) · lower
- Adopt — 98–6 (pass) · lower
- 2nd Reading — 35–7 (pass) · upper
Sponsors
- Alexander — primary (person)
- Bales — primary (person)
- Clyburn — primary (person)
- Forrest — primary (person)
- G.M. Smith — primary (person)
- Gilliard — primary (person)
- Henderson-Myers — primary (person)
- Hosey — primary (person)
- R. Williams — primary (person)
- Rutherford — primary (person)
- Stavrinakis — primary (person)
- Weeks — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2019-02-27 Introduced and read first time
introduction, reading-1 - 2019-02-27 Referred to Committee on Ways and Means
referral-committee - 2019-03-27 Committee report: Favorable Ways and Means
committee-passage-favorable - 2019-04-04 Read second time
reading-2 - 2019-04-04 Roll call Yeas-93 Nays-6
- 2019-04-04 Unanimous consent for third reading on next legislative day
- 2019-04-05 Read third time and sent to Senate
passage, reading-3 - 2019-04-09 Introduced and read first time
introduction, reading-1 - 2019-04-09 Referred to Committee on Finance
referral-committee - 2019-04-30 Recalled from Committee on Finance
- 2019-05-07 Amended
amendment-passage - 2019-05-07 Read second time
reading-2 - 2019-05-07 Roll call Ayes-35 Nays-7
- 2019-05-08 Scrivener's error corrected
- 2019-05-08 Read third time and returned to House with amendments
passage, reading-3 - 2019-05-09 Senate amendment amended
amendment-amendment - 2019-05-09 Returned to Senate with amendments
- 2019-05-09 Concurred in House amendment and enrolled
- 2019-05-13 Ratified R 97
- 2019-05-16 Signed By Governor
executive-signature - 2019-05-31 Effective date 05/16/19
- 2019-06-05 Act No. 77
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/2e16b255-4152-477a-9246-61332e55e187. Confidence: reported (aggregated from official South Carolina legislature records).