South Carolina H 3429: Paid family leave

Bill Text

2025-2026 Bill 3429 Text of Previous Version (Dec. 06, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3429

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 12-6-3695, RELATING TO ALTERNATIVE FUEL PROPERTY INCOME TAX CREDIT, SO 
AS TO PROVIDE FOR CERTAIN LEASES, TO ADD ELECTRICAL EQUIPMENT TO THE DEFINITION 
OF "ELIGIBLE PROPERTY," AND TO ADD ELECTRICITY TO THE DEFINITION OF 
"ALTERNATIVE FUEL."

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Section 12-6-3695 (A)(1) and (D) of the S.C. Code is 
amended to read:

 (1) A taxpayer who purchases, leases, or constructs, installs, and places in service 
in this State eligible property that is used for distribution, dispensing, or 
storing alternative fuel specified in this subsection, at a new or existing 
fuel distribution or dispensing facility, is allowed an income tax credit equal 
to twenty-five percent of the cost to the taxpayer of purchasing, constructing, 
and installing the eligible property.

 (D) 
For purposes of this section:

 (1) 
"Eligible property" includes pumps, compressors, storage tanks, electrical equipment, and related equipment that is 
directly and exclusively used for distribution, dispensing, or storing 
alternative fuel. The equipment used to store, distribute, or dispense 
alternative fuel must be labeled for this purpose and clearly identified as 
associated with alternative fuel.

 (2) 
"Alternative fuel" means compressed natural gas, liquefied natural gas, electricity, or liquefied petroleum gas, dispensed for 
use in motor vehicles and compressed natural gas, liquefied natural gas, or 
liquefied petroleum gas, dispensed by a distributor or facility.

 (3) 
"Taxpayer" means any individual, sole proprietor, 
partnership, corporation of any classification, limited liability company, or 
association taxable as a business entity. Also, the word "taxpayer" includes 
the State or any agency or instrumentality, authority, or political 
subdivision, including municipalities.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on December 06, 2024 at 11:53 AM