summary
Introduced
12/06/2021
12/06/2021
In Committee
12/06/2021
12/06/2021
Crossed Over
Passed
Dead
05/12/2022
05/12/2022
Introduced Session
124th General Assembly
Bill Summary
Amend Article 1, Chapter 1, Title 13 Of The 1976 Code, Relating To General Provisions Of The Department Of Commerce, By Adding Section 13-1-55, To Prohibit The Department Of Commerce From Offering Or Awarding Incentives To Certain Companies Owned Or Controlled By The People's Republic Of China Or The Chinese Communist Party, And To Prohibit Any Company Receiving An Incentive From Contracting With Such Prohibited Companies; And To Amend Section 4-12-30 Of The 1976 Code, Relating To Fees In Lieu Of Property Taxes, By Adding An Appropriately Lettered New Subsection To Prohibit A County From Entering Into An Agreement To Offer A Fee In Lieu Of Taxes To Certain Companies Owned Or Controlled By The People's Republic Of China Or The Chinese Communist Party.
AI Summary
This bill amends the South Carolina Code to prohibit the Department of Commerce from offering or awarding incentives or development grants to companies that are at least 50% owned or controlled by the People's Republic of China or the Chinese Communist Party. It also prohibits counties from entering into agreements to offer a fee in lieu of taxes to such companies. The bill defines key terms like "company," "incentive," and "development grant" to provide context for these restrictions.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to Committee on Labor, Commerce and Industry (on 12/06/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=0911&session=124&summary=B | 12/07/2021 |
| BillText | https://www.scstatehouse.gov/sess124_2021-2022/prever/911_20211206.htm | 12/07/2021 |
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