South Carolina General Assembly
118th Session, 2009-2010

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A248, R304, S915

STATUS INFORMATION

General Bill
Sponsors: Senators Land, Anderson, Nicholson, Leventis, Elliott, Williams, Sheheen and Setzler
Document Path: l:\s-resmin\drafting\jcl\006cdc..tcm.jcl.docx
Companion/Similar bill(s): 3312

Introduced in the Senate on January 12, 2010
Introduced in the House on February 24, 2010
Last Amended on May 26, 2010
Passed by the General Assembly on June 1, 2010
Became law without Governor's signature, June 14, 2010

Summary: Community Economic Development Act

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/9/2009  Senate  Prefiled
   12/9/2009  Senate  Referred to Committee on Finance
   1/12/2010  Senate  Introduced and read first time SJ-16
   1/12/2010  Senate  Referred to Committee on Finance SJ-16
   2/17/2010  Senate  Committee report: Favorable Finance SJ-13
   2/18/2010  Senate  Read second time SJ-6
   2/23/2010  Senate  Read third time and sent to House SJ-16
   2/24/2010  House   Introduced and read first time HJ-12
   2/24/2010  House   Referred to Committee on Ways and Means HJ-13
    5/5/2010  House   Recalled from Committee on Ways and Means HJ-29
   5/12/2010  House   Debate adjourned until Tuesday, May 18, 2010 HJ-105
   5/18/2010  House   Debate adjourned until Wednesday, May 19, 2010 HJ-53
   5/19/2010  House   Amended HJ-15
   5/19/2010  House   Read second time HJ-15
   5/20/2010  House   Read third time and returned to Senate with amendments 
                        HJ-13
   5/26/2010  Senate  House amendment amended SJ-106
   5/26/2010  Senate  Returned to House with amendments SJ-106
    6/1/2010  House   Concurred in Senate amendment and enrolled HJ-89
    6/1/2010  House   Roll call Yeas-100  Nays-0 HJ-89
    6/7/2010          Ratified R 304
   6/14/2010          Became law without Governor's signature
    7/1/2010          Effective date 06/14/10
    7/8/2010          Act No. 248

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/9/2009
2/17/2010
5/5/2010
5/19/2010
5/26/2010

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

(A248, R304, S915)

AN ACT TO AMEND ACT 314 OF 2000, AS AMENDED, RELATING TO THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT AND COMMUNITY DEVELOPMENT TAX CREDITS, SO AS TO TERMINATE THE PROVISIONS OF THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT AND TAX CREDITS ON JUNE 30, 2015.

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

Provisions of the Community Economic Development Act and tax credits extended

SECTION    1.    Section 4 of Act 314 of 2000, as last amended by Act 95 of 2003, is further amended to read:

"SECTION    4.    Unless reauthorized by the General Assembly, the provisions of this act shall terminate on June 30, 2015, and this act and all other laws and regulations governing, authorizing, and otherwise dealing with community development corporations and community development financial institutions are deemed repealed on that date."

Time effective

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

Ratified the 7th day of June, 2010.

Became law without the signature of the Governor -- 6/14/2010.

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This web page was last updated on September 30, 2010 at 9:31 AM