H*2647 Session 105 (1983-1984)
H*2647(Rat #0488, Act #0419 of 1984) General Bill, By T.M. Marchant,
J.F. Anderson, S. Blatt, T.A. Brett, T.M. Burriss, M.J. Busbee, B. Campbell,
Carnell, W.N. Cork, T.W. Edwards, P. Evatt, B.J. Gordon, H.C. Granger,
M.S. Gulledge, J.L. Harris, P.B. Harris, Harvin, R.L. Helmly, B.L. Hendricks,
L.I. Hendricks, D.N. Holt, B.E. Huff, T.E. Huff, H.H. Keyserling, Kirsh,
J.R. Klapman, Koon, E.C. Lewis, T.G. Mangum, Matthews, J.G. McAbee,
D.M. McEachin, R.N. McLellan, L. Phillips, Wilkins and R.R. Woods
A Bill to amend Section 12-43-250, Code of Laws of South Carolina, 1976,
relating to classification of property and assessment ratios for purposes of
ad valorem taxation, so as to exclude from the manufacturing and utility
property classification real property owned by or leased to a manufacturer and
used primarily for research and development and to provide a definition for
research and development and to exclude from the manufacturing and utility
property classification real property owned by or leased to a manufacturer
used primarily as an office building if the building is not located on the
premises of or contiguous to the plant site.-amended title
03/09/83 House Introduced and read first time HJ-1441
03/09/83 House Referred to Committee on Ways and Means HJ-1441
03/16/83 House Committee report: Favorable with amendment Ways
and Means HJ-1511
03/23/83 House Debate interrupted HJ-1642
03/24/83 House Amended HJ-1681
03/24/83 House Read second time HJ-1683
03/29/83 House Read third time and sent to Senate HJ-1720
03/29/83 Senate Introduced and read first time SJ-835
03/29/83 Senate Referred to Committee on Finance SJ-835
05/17/83 Senate Committee report: Favorable with amendment
Finance SJ-1370
05/19/83 Senate Amended SJ-1416
05/19/83 Senate Read second time SJ-1417
05/19/83 Senate Ordered to third reading with notice of
amendments SJ-1417
05/31/83 Senate Read third time SJ-1664
05/31/83 Senate Returned SJ-1664
06/02/83 House Debate adjourned until Monday, August 15, 1983 HJ-347
01/11/84 House Debate adjourned on amendments HJ-373
01/12/84 House Debate adjourned until Wednesday, January 18,
1984 HJ-446
01/18/84 House Debate adjourned on amendments HJ-548
02/02/84 House Debate adjourned on amendments HJ-813
04/11/84 House Debate adjourned until Tuesday, April 17, 1984 HJ-234
04/17/84 House Senate amendment amended HJ-2437
04/17/84 House Returned HJ-2437
04/18/84 Senate Concurred in House amendment and enrolled SJ-1429
04/18/84 Senate Recalled from Legislative Council SJ-1451
04/18/84 Senate Reconsidered SJ-1451
04/19/84 Senate Adjourned debate on motion to concur in H.
amendments SJ-1459
04/25/84 Senate Non-concurrence in House amendment SJ-1517
04/26/84 House Receded from amendment to Senate amendment HJ-2650
05/24/84 Senate Ordered enrolled for ratification SJ-1920
05/29/84 Ratified R 488
05/31/84 Signed By Governor
05/31/84 Effective date 05/31/84
05/31/84 Act No. 419
06/07/84 Copies available
(A419, R488, H2647)
AN ACT TO AMEND SECTION 12-43-220, CODE OF LAWS OF SOUTH CAROLINA, 1976,
RELATING TO CLASSIFICATION OF PROPERTY AND ASSESSMENT RATIOS FOR PURPOSES OF AD
VALOREM TAXATION, SO AS TO EXCLUDE FROM THE MANUFACTURING AND UTILITY PROPERTY
CLASSIFICATION REAL PROPERTY OWNED BY OR LEASED TO A MANUFACTURER AND USED
PRIMARILY FOR RESEARCH AND DEVELOPMENT AND TO PROVIDE A DEFINITION FOR RESEARCH
AND DEVELOPMENT AND TO EXCLUDE FROM THE MANUFACTURING AND UTILITY PROPERTY
CLASSIFICATION REAL PROPERTY OWNED BY OR LEASED TO A MANUFACTURER USED PRIMARILY
AS AN OFFICE BUILDING IF THE BUILDING IS NOT LOCATED ON THE PREMISES OF OR
CONTIGUOUS TO THE PLANT SITE.
Be it enacted by the General Assembly of the State of South Carolina:
Classification of property assessment ratios
SECTION 1. Item (a) of Section 12-43-220 of the 1976 Code is amended to read:
"(a) All real and personal property owned by or leased to manufacturers
and utilities and used by the manufacturer or utility in the conduct of the
business, must be taxed on an assessment equal to ten and one-half percent of the
fair market value of the property.
Real property owned by or leased to a manufacturer and used primarily for
research and development is not considered used by a manufacturer in the conduct
of the business of the manufacturer for purposes of classification of property
under item (a) of this section. The term 'research and development' means basic
and applied research in the sciences and engineering, and the design and
development of prototypes and processes.
Real property owned by or leased to a manufacturer and used primarily as an
office building is not considered used by a manufacturer in the conduct of the
business of the manufacturer for purposes of classification of property under
item (a) of this section if the office building is not located on the premises
of or contiguous to the plant site of the manufacturer."
Time effective
SECTION 2. This act shall take effect upon approval by the Governor. |