Before going on furlough, the House dealt with some significant legislation:
Keeping our Roads Safe
The Education and Public Works Committee passed H. 3163, which I pre-filed with Rep. Eddie Tallon. The bill would subject moped riders to the same DUI laws that apply to all other drivers of motor vehicles in South Carolina. The bill is now on the House calendar. Law enforcement and prosecutors support this bill, and I will be working to make sure they have what they need to keep our roads safe.
Encouraging Investment in South Carolina
The House opened new avenues of funding for our state’s small businesses by passing new tax credits for “Angel Investors.” Angel investors provide critical funding for start-up companies that cannot secure funding from banks. Typically, these are high-risk, but high-reward businesses. For example, angel investors provided critical funding for Google when it was just a small website with a couple of employees.
The House bill was one of the projects former Greenville Rep. Bill Wylie was working on when he passed away last fall. My colleagues renamed the bill in his honor.
Small businesses are the backbone of the American economy, and angel investors provide critical capital to get these businesses started. If we can help fellow South Carolinians get their ideas off the ground, we all win.
The bill provides a tax credit for people who provide capital to specific types of small businesses in our state – including manufacturing, warehousing, wholesaling, and technology, among others. It specifically excludes investments in other businesses, such as construction, from claiming the credit. Angel investors can claim up to a $100,000 tax credit over 10 years, and only $5 million can be credited by the state each year to all angel investors. Half of the states in the United States have similar tax credits for angel investors – including North Carolina and Georgia.
If this bill entices more people to get involved and help our state’s small entrepreneurs, that is a recipe for more businesses and more jobs here in our state.
Protecting the Integrity of our Electoral Process
Unfortunately, the Voter ID debate continues instead of becoming law.
This week the Senate voted down the “clean” Voter ID bill – a bill that requires voters to present a government-issued picture ID to prove his or her identity when they go to vote. When the bill went back in front of the Senate this week, the Senate insisted on including the same unrelated provisions that killed Voter ID last year.
Voter ID is about securing our elections, pure and simple. It is a major plank in the South Carolina Republican Party platform, and Chairman Karen Floyd came out this week in support of the House version of the bill.
The Republican Caucus hopes that a compromise can be reached on the House’s constitutionally appropriate clean Voter ID bill. If the joint conference committee becomes deadlocked because of an insistence on the Senate’s unconstitutional and unrelated additions, this bill will be put on the same fatal track that killed last year’s bill.
Last week, the House looked at the Senate version of the Voter ID bill, removing certain amendments that made the bill unconstitutional, according to South Carolina’s Attorney General Alan Wilson. The House passed a clean version of the bill, and I hoped that the Senate would pass the House’s version of Voter ID so that we could quickly and easily protect South Carolina’s voting system. However, the Senate chose to reject the House version. Now, the two bills will go to a committee for reconciliation.
The House will be on furlough next week, but if I can assist you in any way with state government issues, please do not hesitate to contact me. Thank you for the privilege of representing you in Columbia. Keep current on legislative issues by visiting my website, my Facebook page and following me on Twitter.
Kind regards,
Derham Cole