Bill Text: SC S0866 | 2017-2018 | 122nd General Assembly | Comm Sub

South Carolina Senate Bill 866 (Prior Session Legislation)

Bill Title: Act No. 134, Geothermal machinery purchasing

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Engrossed - Dead) 2018-03-08 - Referred to Committee on Ways and Means [S0866 Detail]

Download: South_Carolina-2017-S0866-Comm_Sub.html

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

COMMITTEE AMENDMENT ADOPTED

February 13, 2018

S. 866

Introduced by Senators Cromer, Scott, Reese, Verdin, J. Matthews and Nicholson

S. Printed 2/13/18--S.

Read the first time January 9, 2018.

A BILL

TO PROVIDE THAT TAX CREDITS FOR THE PURCHASE OF GEOTHERMAL MACHINERY AND EQUIPMENT SHALL BE REPEALED ON JANUARY 1, 2029.

Amend Title To Conform

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

SECTION 1. Notwithstanding SECTION 2.B. of Act 134 of 2016, the provisions contained in Section 12-6-3587 of the 1976 Code relating to geothermal machinery and equipment are repealed January 1, 2022.

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