H 2964 General Bill, By Wilkins, M.D. Burriss and T.M. Burriss
 A Bill to enact the Airline Hub Incentive Act of 1987 by amending Section
 12-35-550, as amended, Code of Laws of South Carolina, 1976, relating to sales
 and use tax exemptions, so as to exempt for five years the gross proceeds of
 sales of catering services to airlines operating a hub in this State; by
 amending the 1976 Code by adding Section 61-5-137 so as to exempt from the
 minibottle tax minibottles sold to an airline operating a hub in this State;
 by amending Section 12-43-220, relating to classification of property for
 purposes of ad valorem taxation, so as to reduce the assessment ratio for five
 years from nine and one-half to six percent on the real property owned or
 leased by an airline operating a hub in this State; and to allow a corporate
 income tax credit for five years equal to one cent on each thousand gallons of
 aviation fuel purchased in this State by an airline operating a hub in this
 State.
   04/14/87  House  Introduced and read first time HJ-1841
   04/14/87  House  Referred to Committee on Ways and Means HJ-1842