Legislative Update 2013 -- SC Tax Incentives Legislative Update

In This Presentation:

- A.Economic Development:



3.Abandoned Buildings

4.Angel Investors

5.Nascar/Darlington Speedway

6.Unemployment Insurance

- B.Practice and Procedure:

1.Tax Conformity

2.Expunging Tax Liens

- C.Economic Development Bonds & Alliance Funding:

1.Economic Development Bonds (S. 578)

2.Economic Development Bonds (S. 610)

3.Alliance Funding

4.DOC Funding

- Excerpt from Economic Development - Film:

Section 12-62-50 has for some 8 years included a 15% wage rebate and a 15% supplier rebate.

These percentages were annually increased by Budget Provisos. The proviso was not renewed for the state budget effective July 1, 2012.

Please see full presentation below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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