S.C. Code § 12-6-3530

Current through 2024 Act No. 225.

Section 12-6-3530 - [Repealed]

Amended by 2021 S.C. Acts, Act No. 83 (SB 436),s 1, eff. 5/18/2021.

Amended by 2019 S.C. Acts, Act No. 77 (HB 4133),s 2, eff. 5/16/2019.

Amended by 2019 S.C. Acts, Act No. 77 (HB 4133),s 1, eff. 5/16/2019.

Section repealed effective 6/30/2023 by 2000 Act No. 314, Section 4, amended by 2003 Act No. 95, Section 1, and 2010 S.C. Acts, Act No. 248 (SB 915), s 1 and 2015 S.C. Acts, Act No. 46.

2001 Act No. 89, Section 52, eff 7/20/2001; 2000 Act No. 314, Section 2, eff 5/30/2000, applicable to tax years beginning after 2000.

2000 Act No. 314, Section 1, as last amended by 2019 Act No. 77, provides:

"SECTION 3. Section 4 of Act 314 of 2000, as last amended by Act 46 of 2015, is further amended to read:

"SECTION 4. Unless reauthorized by the General Assembly, the provisions of this act shall terminate on June 30, 2023, and this act and all other laws and regulations governing, authorizing, and otherwise dealing with community development corporations and community development financial institutions are deemed repealed on that date."

2019 Act No. 77, Section 5, provides as follows:

"SECTION 5. This act takes effect upon approval by the Governor and first applies to credits earned and certificates issued, and the administration thereof, after 2018. Any credits earned and certificates issued, and the administration thereof, before 2019 must be claimed in accordance with the provisions of Section 12-6-3530 as it existed on December 31, 2018. However, any credits earned and certificates issued before 2019 must count toward the aggregate credit limit for all taxpayers in all calendar years set forth in Section 12-6-3530(B)."