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Session 112 - (1997-1998)Printer Friendly
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H 3332 General Bill, By Witherspoon, Altman, Askins, Barfield, Barrett, Battle, H. Brown, T. Brown, Cooper, Davenport, Edge, J.G. Felder, Harrell, Hawkins, Keegan, Kelley, M.H. Kinon, Knotts, Lee, Limehouse, Loftis, Mason, McCraw, Miller, Phillips, Rhoad, Riser, Sandifer, Seithel, Sharpe, Stille, E.C. Stoddard, Tripp, Trotter, Walker and Whatley
A BILL TO AMEND TO THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-37-224 SO AS TO PROVIDE THAT A BOAT ON WHICH THE INTEREST PORTION OF ANY INDEBTEDNESS THEREON IS OR WOULD BE DEDUCTIBLE UNDER THE INTERNAL REVENUE CODE AS AN INTEREST EXPENSE ON A QUALIFIED PRIMARY OR SECOND RESIDENCE IS ALSO DEEMED TO BE A PRIMARY OR SECOND RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAXATION IN THIS STATE AND AS SUCH IS CONSIDERED REAL RATHER THAN PERSONAL PROPERTY FOR THESE PURPOSES, AND TO PROVIDE A CAP ON THE MAXIMUM AD VALOREM TAXATION WHICH MAY BE LEVIED ON SUCH A BOAT FOR ANY YEAR.
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A BILL TO AMEND TO THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-37-224 SO AS TO PROVIDE THAT A BOAT ON WHICH THE INTEREST PORTION OF ANY INDEBTEDNESS THEREON IS OR WOULD BE DEDUCTIBLE UNDER THE INTERNAL REVENUE CODE AS AN INTEREST EXPENSE ON A QUALIFIED PRIMARY OR SECOND RESIDENCE IS ALSO DEEMED TO BE A PRIMARY OR SECOND RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAXATION IN THIS STATE AND AS SUCH IS CONSIDERED REAL RATHER THAN PERSONAL PROPERTY FOR THESE PURPOSES, AND TO PROVIDE A CAP ON THE MAXIMUM AD VALOREM TAXATION WHICH MAY BE LEVIED ON SUCH A BOAT FOR ANY YEAR.
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01/29/97 | House | Introduced and read first time HJ-10 |
01/29/97 | House | Referred to Committee on Ways and Means HJ-11 |
04/17/97 | House | Committee report: Favorable Ways and Means HJ-4 |
04/29/97 | House | Requests for debate-Rep(s). Simrill, Young, Kirsh, Whipper & Mack HJ-16 |
04/29/97 | House | Requests for debate removed-Rep(s). Whipper & Mack HJ-90 |
04/29/97 | House | Objection by Rep. Moody-Lawrence & Neal HJ-109 |
04/30/97 | House | Read second time HJ-86 |
04/30/97 | House | Roll call Yeas-73 Nays-29 HJ-86 |
05/01/97 | House | Read third time and sent to Senate HJ-35 |
05/01/97 | Senate | Introduced and read first time SJ-18 |
05/01/97 | Senate | Referred to Committee on Finance SJ-18 |