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Session 116 - (2005-2006)Printer Friendly
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S*0589 (Rat #0167, Act #0149 of 2005) General Bill, By McConnell, Drummond, Rankin, Land, McGill, Thomas, Moore, Fair, Ryberg, Setzler, Peeler, Reese and Verdin
Summary: Golf course real property
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-365 SO AS TO PROVIDE THAT THE VALUE OF TANGIBLE AND INTANGIBLE PERSONAL PROPERTY AND ANY INCOME DERIVED THEREFROM, WHETHER DIRECTLY OR INDIRECTLY, MUST NOT BE INCLUDED IN THE DETERMINATION OF FAIR MARKET VALUE OF GOLF COURSE REAL PROPERTY FOR AD VALOREM TAX PURPOSES, TO PROVIDE A DEFINITION FOR "INTANGIBLE PERSONAL PROPERTY" AND TO PROVIDE FOR INCOME AND EXPENSE REPORTING BY GOLF COURSE OWNERS WHEN GOLF COURSES ARE VALUED FOR AD VALOREM TAX PURPOSES USING THE CAPITALIZED INCOME APPROACH. - ratified title
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Summary: Golf course real property
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-365 SO AS TO PROVIDE THAT THE VALUE OF TANGIBLE AND INTANGIBLE PERSONAL PROPERTY AND ANY INCOME DERIVED THEREFROM, WHETHER DIRECTLY OR INDIRECTLY, MUST NOT BE INCLUDED IN THE DETERMINATION OF FAIR MARKET VALUE OF GOLF COURSE REAL PROPERTY FOR AD VALOREM TAX PURPOSES, TO PROVIDE A DEFINITION FOR "INTANGIBLE PERSONAL PROPERTY" AND TO PROVIDE FOR INCOME AND EXPENSE REPORTING BY GOLF COURSE OWNERS WHEN GOLF COURSES ARE VALUED FOR AD VALOREM TAX PURPOSES USING THE CAPITALIZED INCOME APPROACH. - ratified title
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03/03/05 | Senate | Introduced and read first time SJ-18 |
03/03/05 | Senate | Referred to Committee on Finance SJ-18 |
03/30/05 | Senate | Committee report: Favorable with amendment Finance SJ-19 |
03/31/05 | Senate | Amended SJ-28 |
03/31/05 | Senate | Read second time SJ-28 |
03/31/05 | Scrivener's error corrected | |
04/05/05 | Senate | Read third time and sent to House SJ-14 |
04/06/05 | House | Introduced and read first time HJ-14 |
04/06/05 | House | Referred to Committee on Ways and Means HJ-15 |
05/11/05 | House | Committee report: Favorable with amendment Ways and Means HJ-16 |
05/18/05 | House | Debate adjourned until Thursday, May 19, 2005 HJ-66 |
05/19/05 | House | Debate adjourned HJ-40 |
05/19/05 | House | Debate adjourned until Tuesday, May 24, 2005 HJ-71 |
05/24/05 | House | Debate adjourned until Wednesday, May 25, 2005 HJ-20 |
05/25/05 | House | Amended HJ-30 |
05/25/05 | House | Read second time HJ-77 |
05/26/05 | House | Read third time and returned to Senate with amendments HJ-8 |
05/26/05 | Senate | House amendment amended SJ-345 |
05/26/05 | Senate | Returned to House with amendments SJ-345 |
05/27/05 | Scrivener's error corrected | |
05/31/05 | Scrivener's error corrected | |
06/01/05 | House | Concurred in Senate amendment and enrolled HJ-42 |
06/02/05 | Ratified R 167 | |
06/09/05 | Became law without Governor's signature | |
06/14/05 | Copies available | |
06/14/05 | Effective date See Act for Effective Date | |
06/16/05 | Act No. 149 |