South Carolina House Bill 4622 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 10-5)
Status: Introduced on February 24 2010 - 25% progression, died in committee
Action: 2010-03-03 - Member(s) request name removed as sponsor: Rice, White
Pending: House Ways and Means Committee

A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-37-221 SO AS TO PROVIDE FOR THE EXEMPTION OF A PORTION OF THE FAIR MARKET VALUE OF ALL REAL PROPERTY ASSOCIATED WITH A FACILITY FOR THE GENERATION OF ELECTRIC POWER PLACED INTO SERVICE AFTER THE EFFECTIVE DATE OF THIS SECTION AND TO SUBJECT THE REMAINING PORTION TO A STATE PROPERTY TAX AND PROVIDE FOR ITS DISTRIBUTION AMONG THE POLITICAL SUBDIVISIONS OF THIS STATE, WITH AN AGGREGATE ANNUAL CAP ON DISTRIBUTION TO A COUNTY AND SCHOOL DISTRICTS AND MUNICIPALITIES THEREIN OF TWENTY MILLION DOLLARS AND TO PROVIDE THAT AMOUNTS OVER THE AGGREGATE COUNTY CAP MUST BE DISTRIBUTED TO THE COUNTY AND SCHOOL DISTRICTS AND MUNICIPALITIES THEREIN IN WHICH THE FACILITY IS LOCATED.

Provide For The Exemption Of A Portion Of The Fair Market Value Of All Real Property Associated With A Facility For The Generation Of Electric Power Placed Into Service After The Effective Date Of This Section And To Subject The Remaining Portion To A State Property Tax And Provide For Its Distribution Among The Political Subdivisions Of This State, With An Aggregate Annual Cap On Distribution To A County And School Districts And Municipalities Therein Of Twenty Million Dollars And To Provide That Amounts Over The Aggregate County Cap Must Be Distributed To The County And School Districts And Municipalities Therein In Which The Facility Is Located.

Rep. Paul Agnew [D]	Rep. Michael Anthony [D]	Rep. William Clyburn [D]	Rep. Daniel Cooper [R]
Rep. Tracy Edge [R]	Rep. Cathy Harvin [D]	Rep. Jackie Hayes [D]	Rep. Lonnie Hosey [D]
Rep. Joseph Jefferson [D]	Rep. Kenneth Kennedy [D]	Rep. Walton McLeod [D]	Sen. Rex Rice [R]
Rep. David Weeks [D]	Rep. Brian White [R]	Sen. Thomas Young [R]

Date	Chamber	Action
2010-03-03		Member(s) request name removed as sponsor: Rice, White
2010-03-02		Member(s) request name removed as sponsor: Anthony
2010-02-24		Referred to Committee on Ways and Means HJ-106
2010-02-24		Introduced and read first time HJ-106

Chapter	Article	Section	Citation Type	Statute Text
12	37	221	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=4622&session=118