H 4633 General Bill, By Lanford, Bailey, D.M. Bruce, Fair, K.G. Kempe, 
Littlejohn and A.C. McGinnis
 A Bill to amend Section 12-37-220, as amended, Code of Laws of South Carolina,
 1976, relating to the classes of property exempt from ad valorem taxation,
 including greenhouses, so as to provide that greenhouses are exempt only if
 the product or item grown or produced therein is marketed or sold at
 wholesale, and provide that if the product or item is marketed or sold retail,
 the exemption shall no longer apply.

   03/31/92  House  Introduced and read first time HJ-37
   03/31/92  House  Referred to Committee on Ways and Means HJ-37

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE CLASSES OF PROPERTY EXEMPT FROM AD VALOREM TAXATION, INCLUDING GREENHOUSES, SO AS TO PROVIDE THAT GREENHOUSES ARE EXEMPT ONLY IF THE PRODUCT OR ITEM GROWN OR PRODUCED THEREIN IS MARKETED OR SOLD AT WHOLESALE, AND PROVIDE THAT IF THE PRODUCT OR ITEM IS MARKETED OR SOLD AT RETAIL, THE EXEMPTION SHALL NO LONGER APPLY.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 12-37-220 B.(14) of the 1976 Code, as last amended by Part II, Section 36 of Act 189 of 1989, is further amended to read:

"(14) All farm machinery and equipment including self-propelled farm machinery and equipment except for motor vehicles licensed for use on the highways.

For the purpose of this section `self-propelled farm machinery and equipment' means farm machinery or equipment which contains within itself the means for its own locomotion.

For purposes of this item, farm equipment includes greenhouses only if the product or item grown or produced in the greenhouse is marketed or sold at wholesale; if the product or item is marketed or sold at retail, even on one occasion, the exemption under this item (14) and subsection B shall no longer apply."

SECTION 2. Upon approval by the Governor, this act is effective for all tax years beginning after December 31, 1992.