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

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

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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 AMENDMENT ADOPTED

March 23, 2021

S. 463

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

S. Printed 3/23/21--S.

Read the first time January 13, 2021.

            

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.

Amend Title To Conform

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B.    The provisions contained in this section related to geothermal machinery and equipment are repealed January 1, 2022 2032.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