Bill Text: SC S0969 | 2017-2018 | 122nd General Assembly | Introduced

---

Bill Title: Federal housing tax credit

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-02-07 - Referred to Committee on Labor, Commerce and Industry [S0969 Detail]

Download: South_Carolina-2017-S0969-Introduced.html

---

---

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 31-13-100 SO AS TO PROVIDE THAT THE BOARD OF COMMISSIONERS SHALL INFORM THE APPROPRIATE LOCAL GOVERNING BODY BEFORE EVALUATING AN APPLICATION FOR A FEDERAL HOUSING TAX CREDIT AND THE APPLICABLE LOCAL GOVERNING BODY SHALL APPOINT NINE MEMBERS TO A LOCAL GOVERNMENT COMMISSION TO VOTE WITH THE BOARD ON THE APPLICATION.

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

SECTION    1.    Article 1, Chapter 13, Title 31 of the 1976 Code is amended by adding:

"Section 31-13-100.    Before evaluating an application for a federal housing tax credit, pursuant to 26 U.S.C. Section 42, the board of commissioners shall inform the appropriate local governing body in which the proposed development is being considered of the application. The appropriate local governing body shall appoint nine members who are residents of that local governing body to a local government commission to vote with the board on the status of the application. The board may schedule meetings with the local government commission before the vote. Each member of the board of commissioners and the local government commission are entitled to one vote. For purposes of this section, if a proposed development is being considered in an incorporated area of the county, then the appropriate local governing body is the city council. If the proposed development is in an unincorporated area of the county then the appropriate local governing body is the county council. Nothing in this section may be construed to alter or amend the eligibility requirements, application process, or administration of the federal housing tax credit."

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