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A53, R66, S463

STATUS INFORMATION

General Bill
Sponsors: Senators Alexander, Cromer, Grooms, Scott and Loftis
Document Path: l:\s-res\tca\023geot.kmm.tca.docx

Introduced in the Senate on January 13, 2021
Introduced in the House on April 6, 2021
Last Amended on March 23, 2021
Passed by the General Assembly on May 6, 2021
Governor's Action: May 17, 2021, Signed

Summary: Expiration of tax credits for purchase of geothermal machinery and equipment

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/13/2021  Senate  Introduced and read first time (Senate Journal-page 6)
   1/13/2021  Senate  Referred to Committee on Finance (Senate Journal-page 6)
   3/17/2021  Senate  Committee report: Favorable with amendment Finance 
                        (Senate Journal-page 10)
   3/23/2021  Senate  Committee Amendment Adopted (Senate Journal-page 24)
   3/23/2021  Senate  Read second time (Senate Journal-page 24)
   3/23/2021  Senate  Roll call Ayes-44  Nays-0 (Senate Journal-page 24)
   3/24/2021  Senate  Read third time and sent to House 
                        (Senate Journal-page 15)
    4/6/2021  House   Introduced and read first time (House Journal-page 128)
    4/6/2021  House   Referred to Committee on Ways and Means 
                        (House Journal-page 128)
    5/4/2021  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 73)
    5/5/2021  House   Read second time (House Journal-page 19)
    5/5/2021  House   Roll call Yeas-103  Nays-5 (House Journal-page 19)
    5/6/2021  House   Read third time and enrolled (House Journal-page 16)
   5/13/2021          Ratified R  66
   5/17/2021          Signed By Governor
    6/1/2021          Effective date  05/17/21
    6/1/2021          Act No.  53

View the latest legislative information at the website

VERSIONS OF THIS BILL

1/13/2021
3/17/2021
3/23/2021
5/4/2021

(A53, R66, S463)

AN ACT TO EXTEND THE TAX CREDITS FOR THE PURCHASE AND INSTALLATION OF GEOTHERMAL MACHINERY AND EQUIPMENT UNTIL JANUARY 1, 2032.

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

Geothermal tax credit extension

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, 2032.

Time effective

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

Ratified the 13th day of May, 2021.

Approved the 17th day of May, 2021.

This web page was last updated on June 14, 2021 at 9:07 AM