Prohibits South Carolina's Department of Commerce from offering incentives to companies owned by China.
The bill amends the South Carolina Code to prohibit the Department of Commerce from offering incentives to companies owned by the People's Republic of China or the Chinese Communist Party. It defines "incentive" as tax credits, deductions, subsidies, and other benefits. Companies receiving incentives must agree not to contract with prohibited companies. The act takes effect upon approval by the Governor.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.