S0694: Qualified Recycling

Legislative Summary

Amend The South Carolina Code Of Laws By Amending Section 12-6-3460, Relating To Definitions For The South Carolina Income Tax Act, So As To Provide That The Minimum Level Of Investment For A Qualified Recycling Facility Must Be At Least One Hundred Million Dollars And To Provide That Batteries, Solar Panels, Turbines, And Related Structures May Be Defined As Postconsumer Waste Material; And By Amending Section 12-6-3360, Relating To Job Tax Credits So As To Incentivize Eligible Businesses To Conduct Business In Or Expand To This State For The Purpose Of Production Of Various Technologies.