South Carolina General Assembly
124th Session, 2021-2022

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H. 4768

STATUS INFORMATION

General Bill
Sponsors: Reps. Whitmire and Carter
Document Path: l:\council\bills\jn\3452sa22.docx

Introduced in the House on January 12, 2022
Currently residing in the House Committee on Ways and Means

Summary: Alternative Fuel Infrastructure Tax Credit

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/12/2022  House   Introduced and read first time (House Journal-page 32)
   1/12/2022  House   Referred to Committee on Ways and Means 
                        (House Journal-page 32)
   1/13/2022  House   Member(s) request name added as sponsor: Carter

View the latest legislative information at the website

VERSIONS OF THIS BILL

1/12/2022

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

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-6-3810 SO AS TO PROVIDE THAT A TAXPAYER WHO CLAIMS A FEDERAL ALTERNATIVE FUEL INFRASTRUCTURE INCOME TAX CREDIT IS ALLOWED A CREDIT EQUAL TO FIFTY PERCENT OF THE FEDERAL INCOME TAX CREDIT.

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

SECTION    1.    Article 25, Chapter 6, Title 12 of the 1976 Code is amended by adding:

    "Section 12-6-3810.    (A)    A taxpayer who claims a federal alternative fuel infrastructure income tax credit pursuant to 26 U.S.C. Section 30C for the cost of any qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year is allowed a credit against any tax due pursuant to this title, equal to fifty percent of the amount allowed by the federal alternative fuel infrastructure income tax credit regardless of the year in which the federal credit is claimed.

    (B)    A credit claimed under this section but not used in a taxable year may be carried forward five years from the taxable year in which the credit is earned."

SECTION    2.    This act takes effect upon approval by the Governor and first applies to income tax years after 2021.

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This web page was last updated on January 13, 2022 at 10:43 AM