SC S0163

Bill

SC S0163

Commerce Department

Introduced
01/10/2023

In Committee
01/10/2023

Crossed Over

Passed

Dead
05/09/2024

Introduced Session

125th General Assembly

Bill Summary

A bill to amend the South Carolina Code of Laws by adding Section 13-1-55 so as 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 add SECTION 4-12-30(Q) 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 seeks to prohibit the South Carolina Department of Commerce from offering or awarding incentives, such as tax credits 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 any company receiving such incentives from contracting with the prohibited companies. Additionally, the bill prohibits counties in South Carolina from entering into agreements to offer a fee in lieu of taxes to companies that are at least 50% owned or controlled by the People's Republic of China or the Chinese Communist Party.

Committee Categories

Business and Industry

Sponsors (2)

Wes Climer (R)*, Penry Gustafson (R),

Last Action

Scrivener's error corrected (on 02/08/2023)

Bill Topics

Macroeconomics

‐ Industrial Policy
‐ Taxation, Tax Policy, and Tax Reform

Official Document

https://www.scstatehouse.gov/billsearch.php?billnumbers=0163&session=125&summary=B

(5 Companion Bills)

Version:

Document Type	Source Location	Created
State Bill Page	https://www.scstatehouse.gov/billsearch.php?billnumbers=0163&session=125&summary=B	12/05/2022
BillText	https://www.scstatehouse.gov//sess125_2023-2024/prever/163_20230208.htm	02/08/2023
BillText	https://www.scstatehouse.gov//sess125_2023-2024/prever/163_20221130.htm	02/08/2023
BillText	https://www.scstatehouse.gov/sess125_2023-2024/prever/163_20221130.htm	12/08/2022
BillText	https://www.scstatehouse.gov/sess125_2023-2024/prever/163_20223011.htm	12/05/2022

Bill	Bill Name	Last Action	Type
H3118	Chinese Land Ownership Prohibition	Member(s) request name added as sponsor: Yow, Mitchell	Similar To
H3509	Investments, authorized for political subdivision	Member(s) request name added as sponsor: Yow, Mitchell	Similar To
H3510	Prohibition of incentives	Member(s) request name added as sponsor: Yow, Mitchell	Similar To
H3567	Public employee retirement fund investments	Member(s) request name added as sponsor: Yow, Mitchell	Similar To
S0911	Commerce Department	Referred to Committee on Labor, Commerce and Industry	Reintroduced

Bill > S0163

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Bill Topics

Macroeconomics

Official Document

bill text

bill summary

bill summary

bill summary