S 1153 General Bill, By Fair
Summary: Recreational trailers, property tax purposes; Mobile Homes, Motor Vehicles, Trucks, residence requirements
    A BILL TO AMEND SECTION 12-37-224, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO TAXATION OF A MOTOR HOME AS RESIDENTIAL REAL PROPERTY, SO AS TO PROVIDE THAT A RECREATIONAL TRAILER ON WHICH THE INTEREST PORTION OF INDEBTEDNESS IS DEDUCTIBLE PURSUANT TO THE INTERNAL REVENUE CODE AS AN INTEREST EXPENSE ON A QUALIFIED PRIMARY OR SECOND RESIDENCE, AND THE TRUCK DESIGNED AND USED FOR THE PURPOSE OF TOWING SUCH A TRAILER, IS ALSO A PRIMARY OR SECOND RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAXATION IN THIS STATE AND IS CONSIDERED REAL PROPERTY RATHER THAN PERSONAL PROPERTY FOR PROPERTY TAX PURPOSES.
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02/15/00	Senate	Introduced and read first time SJ-5
02/15/00	Senate	Referred to Committee on Finance SJ-5