Bill Text: SC S0185 | 2019-2020 | 123rd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: High Growth Small Business Job Creation Act (Angel Investor Act)

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Engrossed - Dead) 2019-04-02 - Referred to Committee on Ways and Means [S0185 Detail]

Download: South_Carolina-2019-S0185-Introduced.html

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A BILL

TO AMEND SECTION 1B OF ACT 80 OF 2013, RELATING TO THE HIGH GROWTH SMALL BUSINESS JOB CREATION ACT OF 2013, COMMONLY REFERRED TO AS THE ANGEL INVESTOR ACT, FOUND IN CHAPTER 44, TITLE 11, TO EXTEND THE SUNSET PROVISION FROM DECEMBER 31, 2019 TO DECEMBER 31, 2025.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    SECTION 1B of Act 80 of 2013 is amended to read:

"B.    The provisions of Chapter 44, Title 11, contained in this act are repealed on December 31, 2019 2025. Any carry forward credits shall continue to be allowed until the ten year time period in Section 11-44-40(B) is completed."

SECTION    2.    This act takes effect upon approval by the Governor.