Bill Text: SC S0463 | 2021-2022 | 124th General Assembly | Comm Sub

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Bill Title: Expiration of tax credits for purchase of geothermal machinery and equipment

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Passed) 2021-06-01 - Act No. 53 [S0463 Detail]

Download: South_Carolina-2021-S0463-Comm_Sub.html

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COMMITTEE REPORT

May 4, 2021

S. 463

Introduced by Senators Alexander, Cromer, Grooms, Scott and Loftis

S. Printed 5/4/21--H.

Read the first time April 6, 2021.

            

THE COMMITTEE ON WAYS AND MEANS

To whom was referred a Bill (S. 463) to delete Section 2.B. of Act 134 of 2016, relating to the expiration of tax credits for the purchase of geothermal machinery, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

G. MURRELL SMITH, JR. for Committee.

            

A BILL

TO DELETE SECTION 2.B. OF ACT 134 OF 2016, RELATING TO THE EXPIRATION OF TAX CREDITS FOR THE PURCHASE OF GEOTHERMAL MACHINERY AND EQUIPMENT.

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

SECTION    1.    SECTION 2.B. of Act 134 of 2016, as amended by Act 47 of 2019, is amended to read:

B.    The provisions contained in this section related to geothermal machinery and equipment are repealed January 1, 2022 2032.

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