H 4580 General Bill, By Fleming, Bailey, Cato, Cotty, J.L.M. Cromer, Davenport, 
Easterday, R.C. Fulmer, Haskins, R.J. Herdklotz, Knotts, Koon, Law, 
L.H. Limbaugh, Littlejohn, McKay, Meacham, Quinn, Robinson, Sandifer, 
E.C. Stoddard and D.A. Wright
 A Bill to amend Section 12-37-220, as amended, Code of Laws of South Carolina,
 1976, relating to property tax exemptions, so as to exempt from school
 operating millage an amount equal to five thousand dollars of the fair market
 value of all private passenger motor vehicles and trucks with an empty weight
 of not more than five thousand pounds when registered to an individual for
 personal use.

   02/08/96  House  Introduced and read first time HJ-1
   02/08/96  House  Referred to Committee on Ways and Means HJ-2

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FROM SCHOOL OPERATING MILLAGE AN AMOUNT EQUAL TO FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF ALL PRIVATE PASSENGER MOTOR VEHICLES AND TRUCKS WITH AN EMPTY WEIGHT OF NOT MORE THAN FIVE THOUSAND POUNDS WHEN REGISTERED TO AN INDIVIDUAL FOR PERSONAL USE.

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

SECTION 1. Section 12-37-220(B) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:

"( )(a) Subject to the requirements of subitem (b), an exemption from property tax levied for school operations is allowed in the amount of five thousand dollars of the fair market value of:

(i) a motor vehicle which may be registered upon payment of the fees provided in Section 56-3-620; and

(ii) a truck with an empty weight of not more than five thousand pounds.

(b) Only a vehicle registered to an individual for personal use is eligible for the exemption allowed by this item.

(c) For purposes of this item, property taxes levied for school operations are those school taxes from which an exemption is allowed pursuant to Section 12-37-251(A)."

SECTION 2. Upon approval by the Governor, this act applies for motor vehicle tax years beginning after June 30, 1996.

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