South Carolina Legislature


Session 106 - (1985-1986)Printer Friendly
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S*1275 (Rat #0550, Act #0482 of 1986) General Bill, By Ravenel
    A Bill to amend Section 12-35-540, Code of Laws of South Carolina, 1976, relating to the reporting of sales tax by a retailer under conditional sales contracts, so as to provide that when sales of retailers are made on an installment basis which conform to the Uniform Commercial Code and for which the retailer takes a security interest the vendor may elect to return a portion of the sales price actually received or include the entire sales price to the State Tax Commission for sales tax purposes and to amend Section 12-37-800, relating to penalties for failure to list personal property for purposes of ad valorem taxation, so as to allow the Tax Commission to waive or reduce the penalty for good cause shown.-amended title
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04/24/86Senate Introduced, read first time, placed on calendar without reference SJ-2258
04/30/86Senate Read second time SJ-2397
04/30/86Senate Unanimous consent for third reading on next legislative day SJ-2397
05/01/86Senate Read third time and sent to House SJ-2426
05/06/86House Introduced and read first time HJ-2813
05/06/86House Referred to Committee on Ways and Means HJ-2813
05/27/86House Committee report: Favorable with amendment Ways and Means HJ-3352
05/29/86House Amended HJ-3504
05/29/86House Read second time HJ-3505
05/30/86House Read third time HJ-3539
05/30/86House Returned HJ-3539
06/02/86Senate Concurred in House amendment and enrolled SJ-3437
06/04/86 Ratified R 550
06/10/86 Signed By Governor
06/10/86 Effective date 06/10/86
06/10/86 Act No. 482
06/20/86 Copies available

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