South Carolina Senate Bill 588 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on March 29 2017 - 25% progression, died in committee
Action: 2017-03-29 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Relating To Definitions Regarding The High Growth Small Business Job Creation Act, To Allow Individuals Not Subject To The South Carolina Income Tax To Claim The Credit, To Specify Services For Which Contributions Are Not Eligible For The Credit, And To Substitute 'convertible' For 'subordinated' In The Definition Of Qualified Investment; To Amend Sections 11-44-40(c) And 11-44-50(1), Both Relating To The Credit, To Increase The Annual Aggregate Credit From Five Million Dollars To Ten Million Dollars And To Make A Conforming Change; To Amend Section 11-44-60(d), Relating To The Registration Of A Qualified Business, To Eliminate The Requirement That Certain Information Be Contained In A Report To The General Assembly And Governor; To Repeal Section 11-44-65, Relating To The Tax Treatment Of Certain Capital Gains Or Losses; And To Amend Section 1.b. Of Act 80 Of 2013, Relating To The High Growth Small Business Job Creation Act, To Reauthorize The Act For Six More Years.

High Growth Small Business Job Creation Act

Sen. William Timmons [R]	Sen. Scott Talley [R]	Sen. Rex Rice [R]	Sen. Ross Turner [R]
Sen. Wes Climer [R]

Date	Chamber	Action
2017-03-29	Senate	Referred to Committee on Finance
2017-03-29	Senate	Introduced and read first time

H4035 (Similar To) 2017-03-22 - Referred to Committee on Ways and Means

Chapter	Article	Section	Citation Type	Statute Text
11	44	30	(n/a)	See Bill Text
11	44	40	(n/a)	See Bill Text
11	44	50	(n/a)	See Bill Text
11	44	60	(n/a)	See Bill Text
11	44	65	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0588&session=122&summary=B
Text	https://www.scstatehouse.gov/sess122_2017-2018/prever/588_20170329.htm