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  • Introduced
    Mar 02, 2021
  • Passed Senate
    Apr 20, 2021
  • Passed House
  • Signed into Law
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S 635
South Carolina Senate Bill
A BILL TO AMEND SECTION 13-17-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MEMBERS OF THE SOUTH CAROLINA RESEARCH AUTHORITY BOARD OF TRUSTEES, SO AS TO PROVIDE THAT THE BOARD CONSISTS OF CERTAIN UNIVERSITY PRESIDENTS OR THEIR DESIGNEES, TO PROVIDE CERTAIN REQUIREMENTS FOR DESIGNEES, AND TO PROVIDE THAT THE EXECUTIVE COMMITTEE SHALL ELECT TWO ADDITIONAL MEMBERS WHO ARE NOT REQUIRED TO BE TRUSTEES AT THE TIME OF THEIR ELECTION; TO AMEND SECTION 13-17-70, RELATING TO THE POWERS OF THE BOARD OF TRUSTEES, SO AS TO PROVIDE THAT THE BOARD MAY INVEST IN CERTAIN OBLIGATIONS OF PRIVATE ENTITIES; TO AMEND SECTION 13-17-87, RELATING TO THE ESTABLISHMENT OF RESEARCH INNOVATION CENTERS, SO AS TO PROVIDE THAT THE SOUTH CAROLINA RESEARCH AUTHORITY MAY ALLOW A COMPANY TO REMAIN IN AN INNOVATION CENTER FOR UP TO FIVE YEARS OR UNTIL EXCEEDING FIVE MILLION DOLLARS BUT DOES NOT APPLY WITH RESPECT TO THIRTY-FIVE PERCENT OF THE SQUARE FEET IN AN INNOVATION CENTER; AND TO AMEND SECTION 12-6-3585, AS AMENDED, RELATING TO THE INDUSTRY PARTNERSHIP FUND TAX CREDIT, SO AS TO PROVIDE THAT IF THE AGGREGATE CREDIT AMOUNT IS NOT MET IN A CERTAIN TIMEFRAME THEN THE SINGLE TAXPAYER MAXIMUM CREDIT IS INCREASED TO ONE MILLION DOLLARS.
Last Action
House • Apr 21, 2021: Referred to Committee on Education and Public Works
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  • Apr 21, 2021 | House
    • Introduced and read first time
    • Referred to Committee on Education and Public Works
  • Apr 20, 2021 | Senate
    • Read third time and sent to House
  • Apr 15, 2021 | legislature
    • Scrivener's error corrected
  • Apr 14, 2021 | Senate
    • Committee Amendment Adopted
    • Amended
    • Read second time
    • Roll call Ayes-41 Nays-0
  • Apr 08, 2021 | Senate
    • Committee report: Favorable with amendment Labor, Commerce and Industry
  • Mar 02, 2021 | Senate
    • Introduced and read first time
    • Referred to Committee on Labor, Commerce and Industry
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