H 3727 General Bill, By J.L.M. Cromer, Altman, Bailey, Barrett, Battle, Bauer, 
J.M. Baxley, Bowers, Breeland, G. Brown, J. Brown, T. Brown, A.W. Byrd, Campsen, 
Canty, Carnell, Cave, Clyburn, Easterday, Fleming, Gamble, Gourdine, Hamilton, 
Harrison, Harvin, J. Hines, M. Hines, Inabinett, Jennings, B.L. Jordan, Klauber, 
Koon, Leach, Lloyd, Mack, McCraw, McKay, McMahand, Miller, Moody-Lawrence, 
J.H. Neal, Parks, Pinckney, Rhoad, Meacham, Riser, Rodgers, Seithel, Simrill, 
D. Smith, Tripp, Whipper, Woodrum and Young-Brickell

Similar(H 4570)
 A BILL TO AMEND SECTION 12-36-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO THE DEFINITION OF "GROSS PROCEEDS OF SALES" FOR THE PURPOSES
 OF THE SALES AND USE TAX, SO AS TO PROVIDE FOR AN EXEMPTION FOR CONSUMER
 AUTOMOBILE LEASES WHEN THE AUTOMOBILE IS PURCHASED UNDER CERTAIN
 CIRCUMSTANCES.

   03/26/97  House  Introduced and read first time HJ-3
   03/26/97  House  Referred to Committee on Ways and Means HJ-3

TO AMEND SECTION 12-36-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "GROSS PROCEEDS OF SALES" FOR PURPOSES OF THE SALES AND USE TAX, SO AS TO PROVIDE FOR AN EXEMPTION FOR CONSUMER AUTOMOBILE LEASES WHEN THE AUTOMOBILE IS PURCHASED UNDER CERTAIN CIRCUMSTANCES.

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

SECTION 1. Section 12-36-90(2) of the 1976 Code, as last amended by Act 431 of 1996, is further amended by adding:

"(h) the purchase price paid at the end of the term of a consumer automobile lease if the sales tax has already been paid on the lease pursuant to this chapter."

SECTION 2. This act takes effect upon approval by the Governor.