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Session 117 - (2007-2008)Printer Friendly
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H 4672 General Bill, By White, Duncan and Whipper
Summary: Sales tax exemptions
A BILL TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO MOVE FORWARD FROM JULY 1, 2011, TO JULY 1, 2008, THE EXEMPTION ALLOWED FOR CONSTRUCTION MATERIALS USED IN THE CONSTRUCTION OR EXPANSION OF A MANUFACTURING OR DISTRIBUTION FACILITY AND TO REDUCE FROM ONE HUNDRED MILLION TO FIFTY MILLION DOLLARS THE MINIMUM INVESTMENT REQUIRED TO RECEIVE THE EXEMPTION; TO AMEND ACT 384 OF 2006, RELATING TO MISCELLANEOUS REVENUE PROVISIONS, SO AS TO CONFORM A PHASE-IN PROVISION FOR THE CONSTRUCTION MATERIALS SALES TAX EXEMPTION AMENDMENT IN THIS ACT; AND TO AMEND SECTION 12-43-220, AS AMENDED, RELATING TO THE CLASSIFICATION OF PROPERTY AND APPLICABLE ASSESSMENT RATIOS FOR PURPOSES OF THE PROPERTY TAX, SO AS TO REVISE THE DEFINITION OF MANUFACTURING PROPERTY WITH RESPECT TO WAREHOUSING AND DISTRIBUTION FACILITIES OWNED OR LEASED BY A MANUFACTURER.
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Summary: Sales tax exemptions
A BILL TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO MOVE FORWARD FROM JULY 1, 2011, TO JULY 1, 2008, THE EXEMPTION ALLOWED FOR CONSTRUCTION MATERIALS USED IN THE CONSTRUCTION OR EXPANSION OF A MANUFACTURING OR DISTRIBUTION FACILITY AND TO REDUCE FROM ONE HUNDRED MILLION TO FIFTY MILLION DOLLARS THE MINIMUM INVESTMENT REQUIRED TO RECEIVE THE EXEMPTION; TO AMEND ACT 384 OF 2006, RELATING TO MISCELLANEOUS REVENUE PROVISIONS, SO AS TO CONFORM A PHASE-IN PROVISION FOR THE CONSTRUCTION MATERIALS SALES TAX EXEMPTION AMENDMENT IN THIS ACT; AND TO AMEND SECTION 12-43-220, AS AMENDED, RELATING TO THE CLASSIFICATION OF PROPERTY AND APPLICABLE ASSESSMENT RATIOS FOR PURPOSES OF THE PROPERTY TAX, SO AS TO REVISE THE DEFINITION OF MANUFACTURING PROPERTY WITH RESPECT TO WAREHOUSING AND DISTRIBUTION FACILITIES OWNED OR LEASED BY A MANUFACTURER.
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02/12/08 | House | Introduced and read first time HJ-7 |
02/12/08 | House | Referred to Committee on Ways and Means HJ-7 |
02/14/08 | House | Member(s) request name added as sponsor: Duncan |
04/17/08 | House | Committee report: Favorable with amendment Ways and Means HJ-20 |
04/21/08 | Scrivener's error corrected | |
04/23/08 | House | Requests for debate-Rep(s). Cobb-Hunter, Knight, Rutherford, Bales, Alexander, Crawford, Witherspoon, Mack, Mahaffey, FN Smith, Hart, Agnew, and Umphlett HJ-87 |
04/24/08 | House | Amended HJ-95 |
04/24/08 | House | Debate adjourned until Tuesday, April 29, 2008 HJ-105 |
04/29/08 | House | Member(s) request name added as sponsor: Whipper |
04/29/08 | House | Amended HJ-47 |
04/29/08 | House | Read second time HJ-56 |
04/29/08 | House | Roll call Yeas-104 Nays-0 HJ-56 |
04/30/08 | House | Read third time and sent to Senate HJ-45 |
05/01/08 | Senate | Introduced and read first time SJ-8 |
05/01/08 | Senate | Referred to Committee on Finance SJ-8 |