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Bill 805

                    Current Status

Bill Number:                      805
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020108
Primary Sponsor:                  Thomas
All Sponsors:                     Thomas, Hayes, Grooms, Richardson
Drafted Document Number:          l:\council\bills\bbm\10582htc02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Use tax exemption on sales price of 
                                  tangible property for use in private schools 
                                  and kindergartens


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020108  Introduced, read first time,           06 SF
                  referred to Committee
Senate  20011212  Prefiled, referred to Committee        06 SF


              Versions of This Bill

TO AMEND SECTION 12-36-2130, CODE OF LAWS OF SOUTH CAROLINA, RELATING TO USE TAX EXEMPTIONS; SO AS TO EXEMPT FROM THE TAX THE SALES PRICE OF TANGIBLE PERSONAL PROPERTY PURCHASED FOR USE IN PRIVATE PRIMARY AND SECONDARY SCHOOLS, INCLUDING KINDERGARTENS AND EARLY CHILDHOOD EDUCATION PROGRAMS, TO REQUIRE THESE ENTITIES TO BE EXEMPT FROM FEDERAL INCOME TAX TO RECEIVE THIS USE TAX EXEMPTION, TO GIVE THIS EXEMPTION RETROACTIVE EFFECT AND TO PROHIBIT REFUNDS OTHERWISE ARISING BECAUSE OF THIS RETROACTIVE EFFECT.

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

SECTION 1. Section 12-36-2130 of the 1976 Code is amended by adding at the end:

"(3) the sales price of tangible personal property purchased for use in private primary and secondary schools, including kindergartens and early childhood education programs, which are exempt from income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. For the purposes of this item, the Internal Revenue Code means Internal Revenue Code as defined in Section 12-6-40(A)."

SECTION 2. This act takes effect July 1, 2002 and applies for sales occurring after 1995. No refund is due a taxpayer of use tax paid through June 30, 2001, arising under the exemption added by this act.

This web page was last updated on Tuesday, December 8, 2009 at 11:14 A.M.