republic-os/legislation/us/states/sc/2021-2022/s-635.md

---
type: "Bill"
title: "SC Research Authority Board"
description: "AN ACT TO AMEND SECTION 13-17-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MEMBERS OF THE SOUTH CAROLINA RESEARCH AUTHORITY BOARD OF TRUSTEES, SO AS TO PROVIDE THAT THE BOARD CONSISTS OF CERTAIN UNIVERSITY PRESIDENTS OR THEIR DESIGNEES, TO PROVIDE CERTAIN REQUIREMENTS FOR DESIGNEES, AND TO PROVIDE THAT THE EXECUTIVE COMMITTEE SHALL ELECT AN ADDITIONAL MEMBER WHO IS NOT REQUIRED TO BE A TRUSTEE AT THE TIME OF HIS ELECTION; TO AMEND SECTION 13-17-70, RELATING TO THE POWERS OF THE BOARD OF TRUSTEES, SO AS TO PROVIDE THAT THE BOARD MAY INVEST IN CERTAIN OBLIGATIONS OF PRIVATE ENTITIES; TO AMEND SECTION 13-17-87, RELATING TO THE ESTABLISHMENT OF RESEARCH INNOVATION CENTERS, SO AS TO PROVIDE THAT THE SOUTH CAROLINA RESEARCH AUTHORITY MAY ALLOW A COMPANY TO REMAIN IN AN INNOVATION CENTER FOR UP TO FIVE YEARS OR UNTIL EXCEEDING FIVE MILLION DOLLARS BUT DOES NOT APPLY WITH RESPECT TO THIRTY-FIVE PERCENT OF THE SQUARE FEET IN AN INNOVATION CENTER; AND TO AMEND SECTION 12-6-3585, AS AMENDED, RELATING TO THE INDUSTRY PARTNERSHIP FUND TAX CREDIT, SO AS TO PROVIDE THAT IF THE AGGREGATE CREDIT AMOUNT IS NOT MET IN A CERTAIN TIMEFRAME THEN THE SINGLE TAXPAYER MAXIMUM CREDIT IS INCREASED TO ONE MILLION DOLLARS. - ratified title"
jurisdiction: "us/states/sc"
legislature: "South Carolina General Assembly"
session: "2021-2022"
identifier: "S 635"
citation: "South Carolina S 635 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Scott", "Setzler"]
version_count: 6
action_count: 21
vote_count: 2
first_action: "2021-03-02"
last_action: "2022-05-31"
source: "openstates"
source_identifier: "ocd-bill/cdba168e-1660-46e9-a57a-314ae7b7099c"
source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=635&session=124&summary=B"
source_hash: "3f214cd08ff31857b3dc9c40982563bb1004d528c964b48f27d24d2a8a8637e2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-sc"]
---

# South Carolina S 635 (2021-2022) — SC Research Authority Board

AN ACT TO AMEND SECTION 13-17-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MEMBERS OF THE SOUTH CAROLINA RESEARCH AUTHORITY BOARD OF TRUSTEES, SO AS TO PROVIDE THAT THE BOARD CONSISTS OF CERTAIN UNIVERSITY PRESIDENTS OR THEIR DESIGNEES, TO PROVIDE CERTAIN REQUIREMENTS FOR DESIGNEES, AND TO PROVIDE THAT THE EXECUTIVE COMMITTEE SHALL ELECT AN ADDITIONAL MEMBER WHO IS NOT REQUIRED TO BE A TRUSTEE AT THE TIME OF HIS ELECTION; TO AMEND SECTION 13-17-70, RELATING TO THE POWERS OF THE BOARD OF TRUSTEES, SO AS TO PROVIDE THAT THE BOARD MAY INVEST IN CERTAIN OBLIGATIONS OF PRIVATE ENTITIES; TO AMEND SECTION 13-17-87, RELATING TO THE ESTABLISHMENT OF RESEARCH INNOVATION CENTERS, SO AS TO PROVIDE THAT THE SOUTH CAROLINA RESEARCH AUTHORITY MAY ALLOW A COMPANY TO REMAIN IN AN INNOVATION CENTER FOR UP TO FIVE YEARS OR UNTIL EXCEEDING FIVE MILLION DOLLARS BUT DOES NOT APPLY WITH RESPECT TO THIRTY-FIVE PERCENT OF THE SQUARE FEET IN AN INNOVATION CENTER; AND TO AMEND SECTION 12-6-3585, AS AMENDED, RELATING TO THE INDUSTRY PARTNERSHIP FUND TAX CREDIT, SO AS TO PROVIDE THAT IF THE AGGREGATE CREDIT AMOUNT IS NOT MET IN A CERTAIN TIMEFRAME THEN THE SINGLE TAXPAYER MAXIMUM CREDIT IS INCREASED TO ONE MILLION DOLLARS. - ratified title

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess124_2021-2022/bills/635.htm)
2. **3/2/2021** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/635_20210302.htm)
3. **4/14/2021** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/635_20210414.htm)
4. **4/15/2021** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/635_20210415.htm)
5. **4/28/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/635_20220428.htm)
6. **4/8/2021** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/635_20210408.htm)

## Votes

- 2nd Reading — **41–0** (pass) · upper
- Passage of Bill — **97–11** (pass) · lower

## Sponsors

- Scott — primary (person)
- Setzler — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-03-02** Introduced and read first time `introduction, reading-1`
- **2021-03-02** Referred to Committee on Labor, Commerce and Industry `referral-committee`
- **2021-04-08** Committee report: Favorable with amendment Labor, Commerce and Industry `committee-passage-favorable`
- **2021-04-14** Committee Amendment Adopted `amendment-passage`
- **2021-04-14** Amended `amendment-passage`
- **2021-04-14** Read second time `reading-2`
- **2021-04-14** Roll call Ayes-41 Nays-0
- **2021-04-15** Scrivener's error corrected
- **2021-04-20** Read third time and sent to House `passage, reading-3`
- **2021-04-21** Introduced and read first time `introduction, reading-1`
- **2021-04-21** Referred to Committee on Education and Public Works `referral-committee`
- **2022-01-11** Recalled from Committee on Education and Public Works
- **2022-01-11** Referred to Committee on Ways and Means `referral-committee`
- **2022-04-28** Committee report: Favorable Ways and Means `committee-passage-favorable`
- **2022-05-04** Read second time `reading-2`
- **2022-05-04** Roll call Yeas-97 Nays-11
- **2022-05-05** Read third time and enrolled `passage, reading-3`
- **2022-05-12** Ratified R 173
- **2022-05-16** Signed By Governor `executive-signature`
- **2022-05-31** Effective date 05/16/22
- **2022-05-31** Act No. 172

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cdba168e-1660-46e9-a57a-314ae7b7099c`. Confidence: reported (aggregated from official South Carolina legislature records).