H 3401 General Bill, By Witherspoon, Askins, T. Brown, C.D. Chamblee, 
R.C. Fulmer, Gamble, Inabinett, Keegan, Kelley, Kennedy, Koon, Lloyd, 
L.M. Martin, D.E. McTeer, Quinn, Rhoad, Rice, Richardson, Riser, Robinson, 
E.C. Stoddard, P.H. Thomas, Trotter and H.G. Worley
 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 boats and motors
 valued below the amount determined by the county auditor necessary to generate
 a tax bill equal to the actual expenses of assessing and collecting the tax.

   01/26/95  House  Introduced and read first time HJ-11
   01/26/95  House  Referred to Committee on Ways and Means HJ-11

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 BOATS AND MOTORS VALUED BELOW THE AMOUNT DETERMINED BY THE COUNTY AUDITOR NECESSARY TO GENERATE A TAX BILL EQUAL TO THE ACTUAL EXPENSES OF ASSESSING AND COLLECTING THE TAX.

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:

"( ) Boats and motors valued below the amount determined by the county auditor necessary to generate a tax bill equal to the actual expenses of assessing and collecting the tax."

SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 1995.