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South Carolina Legislature
South Carolina Legislature

Senate Amendment RFH-1
S 1021 - Session 125 (2023-2024)
Abandoned buildings tax credit
View Vote History

Current Amendment: RFH-1 to Bill 1021

Senators Davis and Gambrell proposes the following amendment (LC-1021.DG0007S):

Amend the bill, as and if amended, SECTION 3.A., by deleting Section 12-6-3810(A)(4).

Amend the bill further, SECTION 3.A., by striking Section 12-6-3810(B)(2) and inserting:

  (2) For qualified railroad reconstruction or replacement expenditures the amount of the credit may not exceed five thousand dollars multiplied by the number of miles of railroad track owned or leased within this State by the eligible taxpayer as of the close of the taxable year or one million five hundred thousand dollars in any taxable year, whichever is lesser.

Amend the bill further, SECTION 3.A., by deleting Section 12-6-3810(G).

Amend the bill further, by deleting SECTION 4.