S 1044

South Carolina General Assembly
126th Session, 2025-2026
Bill 1044
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 12-10-88, RELATING TO REDEVELOPMENT FEES REMITTED BY THE DEPARTMENT OF
REVENUE, SO AS TO REMOVE AN ANNUAL MAXIMUM AND TO REMOVE A SUNSET PROVISION;
AND BY AMENDING ACT 356 OF 2002 SO AS TO DELETE A PROVISION REQUIRING THE
SHARING OF CERTAIN REVENUE.
Be it enacted by the
General Assembly of the State of South Carolina:
SECTION 1.  Section 12-10-88 (C) and (E) of the S.C. Code is
amended to read:
    (C) Redevelopment fees may be remitted
to the applicable redevelopment authority for any quarter beginning on or after
the date that the applicable redevelopment authority first submits the
information described in subsection (B) to the department. If the redevelopment
authority fails to provide the department with the required statement within
the requisite time limits, then no redevelopment
fees must be remitted for that quarter. Notwithstanding
subsection (A), the redevelopment fee remitted by the department in any fiscal
year may not exceed the amount remitted in Fiscal Year 2014-2015.
    (E)
For purposes of this section, "closed or realigned
federal installation" means,:
       (1)
until January 1, 2028,June 30,
2043, a federal defense site in which permanent employment was reduced
by three thousand or more jobs from the level of such jobs on December 31,
1990, or a federal military base or installation which has been closed or
realigned under:
  (a)(1) the Defense Base Closure and Realignment Act of 1990;
  (b)(2) Title 11 of the Defense Authorization Amendments and
Base Closure and Realignment Act;  or
  (c)(3) Section 2687 of Title 10, United States Code.
SECTION 2.  SECTION
15 of Act 356 of 2002 is amended to read:
    SECTION  15.  Notwithstanding
any other provision of law the Charleston Naval Complex Redevelopment Authority
(RDA), upon receiving ownership from the United States of America, shall convey
certain parcels of real property to the City of North Charleston as per the mutual
agreement described hereafter.  These parcels shall be delineated through a
mutual agreement between the City of North Charleston and the South Carolina
State Ports Authority that takes into account the respective needs of each
entity in the property south of Necessary Street.  All conveyances shall be at
no consideration once the City of North Charleston and the South Carolina State
Ports Authority have entered into a memorandum of understanding and agreement
for the operation of breakbulk, roll on roll off, and container terminals and
dock operations on appropriate properties that are subject to the oversight or
control of the Charleston Naval Complex Redevelopment Authority.  The City of
North Charleston shall honor all existing leases as negotiated by the
Charleston Naval Complex Redevelopment Authority prior to the effective date of
this section.  Furthermore, all properties conveyed shall retain any Tax
Increment Finance District status, any state or federal grants applied to the
area, and any state revenues currently directed to the Charleston Redevelopment
Authority on a per acre basis for the relative properties conveyed to the City
of North Charleston.  In addition, any revenues received
from the State under the Rural Development Act relating to the number of
federal employees at the naval complex shall be shared pursuant to the location
of the jobs on the complex.
SECTION 3.  This act takes effect upon approval
by the Governor.
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This web page was last updated on March 24, 2026 at 12:25 PM