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Indicates New Matter
S. 1022
STATUS INFORMATION
General Bill
Sponsors: Senator Knotts
Document Path: l:\council\bills\gjk\20637sd06.doc
Companion/Similar bill(s): 5277
Introduced in the Senate on January 10, 2006
Introduced in the House on June 1, 2006
Last Amended on May 31, 2006
Currently residing in the House Committee on Ways and Means
Summary: Millage set by Board of Trustees
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/10/2006 Senate Introduced, read first time, placed on local & uncontested calendar SJ-44 5/31/2006 Senate Amended SJ-136 5/31/2006 Senate Read second time SJ-136 5/31/2006 Senate Unanimous consent for third reading on next legislative day SJ-136 6/1/2006 Senate Read third time and sent to House SJ-57 6/1/2006 House Introduced and read first time HJ-176 6/1/2006 House Referred to Committee on Ways and Means HJ-176 6/7/2006 Scrivener's error corrected
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
1/10/2006
1/10/2006-A
5/31/2006
6/7/2006
AMENDED
May 31, 2006
S. 1022
L. Printed 5/31/06--S. [SEC 6/7/06 11:22 AM]
Read the first time January 10, 2006.
TO AMEND SECTION 10 OF ACT 378 OF 2004, RELATED TO THE IMPOSITION OF SALES AND USE TAXES, TO PROVIDE THAT THE PROVISIONS OF ACT 378 AND THE SPECIAL ONE PERCENT SALES AND USE TAX IMPOSED PURSUANT TO ACT 378 EXPIRE AS OF THE FIRST DAY AFTER THE YEAR IN WHICH A STATEWIDE INCREASE IN THE SALES AND USE TAX ABOVE FIVE PERCENT IS IMPLEMENTED OR A STATEWIDE PROVISION PROVIDING SCHOOL MILLAGE AD VALOREM PROPERTY TAX REDUCTIONS TO THE TAXPAYERS OF THE COUNTY IN AN AMOUNT AT LEAST EQUAL TO THE TOTAL TAX CREDIT RELIEF PROVIDED BY ACT 378.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 10 of Act 378 of 2004 is amended to read:
"SECTION 10. The provisions of this act also expire and the special one percent sales and use tax if implemented shall no longer be authorized as of the first day of the year after the year in which the State of South Carolina through the imposition of a statewide increase in the sales and use tax above five percent provides or will provide directly or indirectly school millage ad valorem property tax reductions to the taxpayers of the county as determined by the Department of Revenue at least equal to the total tax credit relief provided to such taxpayers by the provisions of this act."
SECTION 2. This act takes effect upon approval by the Governor.
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