South Carolina General Assembly
113th Session, 1999-2000

Download This Bill in Microsoft Word format

Bill 1153

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      1153
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20000215
Primary Sponsor:                  Fair
All Sponsors:                     Fair
Drafted Document Number:          l:\council\bills\dka\3701mm00.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Recreational trailers, property tax 
                                  purposes; Mobile Homes, Motor Vehicles, 
                                  Trucks, residence requirements


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20000215  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

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.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 12-37-224 of the 1976 Code, as added by Act 114 of 1999, is amended to read:

"Section 12-37-224. A motor home or 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."

SECTION 2. This act is effective for motor vehicle property tax years beginning the first day of the first month after approval by the Governor.

----XX----


This web page was last updated on Wednesday, December 9, 2009 at 9:10 A.M.