Capital Projects Sales Tax
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies South Carolina’s capital projects sales tax to include funding for greenspace and greenbelt programs. Specifically, it amends the existing code to explicitly designate these types of projects as eligible for the sales tax incentive. This expansion aims to encourage investment in these environmental initiatives within the state. The bill requires approval from the Governor to take effect.
Key provisions
- Designates greenspace and greenbelt programs as qualifying projects for the capital projects sales tax.
- Amends Section 4-10-330(A)(1)(i) of the S.C. Code.
- Allows for combinations of qualifying projects.
- Requires Governor approval for implementation.
Who is affected
- Developers of greenspace and greenbelt projects
- The State of South Carolina
- Environmental organizations
- Local governments involved in greenspace development
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
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