SC S0118 | 2011-2012 | 119th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 11 2011 - 25% progression, died in committee
Action: 2011-01-11 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 11 2011 - 25% progression, died in committee
Action: 2011-01-11 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Enact The "south Carolina Economic Recovery Act" By Temporarily Providing "bonus" State Income Tax Expensing Deductions For New Depreciable Business Property, By Excluding From South Carolina Taxable Income Net Capital Gains Attributable To The Sale Or Exchange Of Depreciable Business Property Receiving That "bonus" Deduction, And By Providing A Tax Credit For Employers Hiring A New Full-time Employee Who Was Formerly Unemployed, And To Define Terms By Appropriate References To Provisions In Chapter 6, Title 12, Code Of Laws Of South Carolina, 1976, The South Carolina Income Tax Act.
Title
S.C. Economic Recovery Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-11 | Referred to Committee on Finance | |
| 2011-01-11 | Introduced and read first time | |
| 2010-12-01 | Referred to Committee on Finance | |
| 2010-12-01 | Prefiled |
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/billsearch.php?billnumbers=0118&session=119&summary=B |
| Text | https://www.scstatehouse.gov/sess119_2011-2012/prever/118_20101201.htm |
