H3333

Tax Increment Financing

Complete·5/16/25

South Carolina H3333 amends the definition of "redevelopment project" to include affordable housing projects and specifies when obligations must be.

South Carolina H3333 amends the definition of "redevelopment project" to include affordable housing projects where new property tax revenues are used for housing or infrastructure. The bill also specifies that obligations for redevelopment projects must be issued within a certain timeframe. This change aims to support infrastructure and affordable housing in redevelopment areas.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
3
RRR
Democratic CaucusRepublican Caucus

Roll Call Votes

42 Yea

RDRRRDDRRRRRRDRRDDRRRRRRDRRRRDRDRRRDRRRRRR

0 Nay

3 Absent

RDR

Calendar

Apr 3, 2025

9:45 AM

House 3-M Full Committee

Apr 2, 2025

12:00 AM

House 3-M Full Committee

History

May 16, 2025

Effective date 07/01/25

May 16, 2025

Act No. 24

May 8, 2025

Signed By Governor