Current Status Bill Number:3401 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19950126 Primary Sponsor:Witherspoon All Sponsors:Witherspoon, Quinn, Askins, Kennedy, Richardson, Riser, Fulmer, Lloyd, Kelley, Worley, Robinson, Keegan, Trotter, Koon, Rhoad, Gamble, Martin, Inabinett, Thomas, T. Brown, McTeer, Chamblee, Stoddard and Rice Drafted Document Number:jic\5309htc.95 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Property tax exemptions
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19950126 Introduced, read first time, 30 HWM
referred to Committee
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TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT BOATS AND MOTORS VALUED BELOW THE AMOUNT DETERMINED BY THE COUNTY AUDITOR NECESSARY TO GENERATE A TAX BILL EQUAL TO THE ACTUAL EXPENSES OF ASSESSING AND COLLECTING THE TAX.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220(B) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:
"( ) Boats and motors valued below the amount determined by the county auditor necessary to generate a tax bill equal to the actual expenses of assessing and collecting the tax."
SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 1995.