South Carolina S 190: Military Base TIF

Bill Text

2025-2026 Bill 190 Text of Previous Version (Mar. 27, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 190

Indicates Matter Stricken
Indicates New Matter

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

Indicates Matter 
Stricken

Indicates New Matter

Committee Amendment Adopted

March 27, 2025

S. 190

Introduced 
by Senators Adams, Sutton, Tedder and Devine 

S. Printed 3/27/25--S.

Read the first time January 14, 2025

________

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 31-12-30, RELATING TO THE DEFINITION OF "REDEVELOPMENT PROJECT," SO AS 
TO INCLUDE AFFORDABLE HOUSING PROJECTS; BY AMENDING SECTION 31-12-210, RELATING 
TO ISSUANCE OF OBLIGATIONS FOR A REDEVELOPMENT PROJECT BY MUNICIPALITY, SO AS 
TO INCREASE THE TIME LIMIT OF WHICH AN OBLIGATION MUST BE ISSUED; AND BY 
AMENDING SECTION 12-10-88, RELATING TO REDEVELOPMENT FEES, SO AS TO UPDATE THE 
DEFINITION OF CLOSED OR REALIGNED FEDERAL INSTALLATIONS.

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

SECTION 1. Section 31-12-30(6) of the S.C. Code is amended to 
read:

 (6)(1) "Redevelopment project" means buildings, improvements, 
including street improvements, water, sewer and storm drainage facilities, 
parking facilities, and recreational facilities, and includes affordable housing projects where all or a part 
of new property tax revenues generated in the tax increment financing district 
is used to provide or support publicly and privately owned affordable housing 
in the district or is used to provide infrastructure projects to support 
publicly and privately owned affordable housing in the district. A 
project or undertaking authorized under Section 6-21-50 also may qualify as a 
redevelopment project under this chapter. All such projects may be owned by the 
authority, the municipality, the county, or other appropriate public body. This 
term includes portions of the redevelopment project located outside the 
redevelopment project area so long as they provide needed infrastructure 
support for the redevelopment project area or the 
municipality makes specific findings of benefit to the redevelopment area.

 (2) As used in 
this section, "affordable housing" means residential housing for rent or sale 
that is appropriately priced for rent or sale to a person or family whose 
income does not exceed eighty percent of the median income for the local area, 
with adjustment for household size, according to the latest figures available 
from the United States Department of Housing and Urban Development (HUD).

SECTION 2. Section 31-12-210(F) of the S.C. Code is amended to 
read:

 (F) The obligations must be issued not 
later than fifteen thirty-five 
years after the adoption of an ordinance by the municipality pursuant to 
Section 31-12-280 concurring in an authority's redevelopment plan.

SECTION 3. This act takes effect upon approval 
by the Governor.

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