South Carolina § 11-46-30 Donor tax credits; schedule of state appropriations.

South Carolina Statutes

§ 11-46-30 — Donor tax credits; schedule of state appropriations.

South Carolina·Title 11 PUBLIC FINANCE·Ch. 46 SOUTH CAROLINA HYDROGEN INFRASTRUCTURE DEVELOPMENT ACT

(A)The South Carolina Hydrogen Infrastructure Development Fund may receive donations, grants, and any other funding as provided by law. A taxpayer making a contribution to the fund is allowed a tax credit provided pursuant to Section 12-6-3630.

(B)The South Carolina Hydrogen Infrastructure Development Fund may receive appropriations from the general fund of the State up to the following amounts in the fiscal years indicated:

(1)seven million dollars for the fiscal year 2007-2008;

(2)five million dollars for fiscal year 2008-2009;

(3)three million dollars for fiscal year 2009-2010.

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(A) The South Carolina Hydrogen Infrastructure Development Fund may receive donations, grants, and any other funding as provided by law. A taxpayer making a contribution to the fund is allowed a tax credit provided pursuant to Section 12-6-3630. (B) The South Carolina Hydrogen Infrastructure Development Fund may receive appropriations from the general fund of the State up to the following amounts in the fiscal years indicated: (1) seven million dollars for the fiscal year 2007-2008; (2) five million dollars for fiscal year 2008-2009; (3) three million dollars for fiscal year 2009-2010.

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