S*0139(Rat #0086, Act #0066 of 2007)  General Bill, By Knotts and Elliott
 AN ACT TO AMEND SECTION 12-37-224, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO MOTOR HOMES WHICH QUALIFY AS A PRIMARY OR SECONDARY
 RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAX, SO AS TO INCLUDE A BOAT OR
 WATERCRAFT, OR A TRAILER USED FOR CAMPING AND RECREATIONAL TRAVEL PULLED BY A
 MOTOR VEHICLE AND TO REQUIRE THE FAIR MARKET VALUE OF A MOTOR HOME, A BOAT OR
 WATERCRAFT, OR TRAILER THAT MEETS THE REQUIREMENTS OF THIS ACT TO BE
 DETERMINED IN THE MANNER THAT MOTOR VEHICLES ARE VALUED FOR PROPERTY TAX
 PURPOSES. - ratified title

   12/06/06  Senate Prefiled
   12/06/06  Senate Referred to Committee on Finance
   01/09/07  Senate Introduced and read first time SJ-86
   01/09/07  Senate Referred to Committee on Finance SJ-86
   01/19/07  Senate Referred to Subcommittee: Hayes (ch), Land,
                     Courson, Matthews, Grooms, Richardson
   01/31/07  Senate Committee report: Favorable Finance SJ-24
   02/06/07  Senate Read second time SJ-6
   02/07/07  Senate Read third time and sent to House SJ-36
   02/08/07  House  Introduced and read first time HJ-11
   02/08/07  House  Referred to Committee on Ways and Means HJ-11
   04/18/07  House  Committee report: Favorable with amendment Ways
                     and Means HJ-16
   04/24/07  House  Debate adjourned until Wednesday, April 25, 2007 HJ-89
   04/25/07  House  Debate adjourned until Thursday, April 26, 2007 HJ-30
   04/26/07  House  Amended HJ-10
   04/26/07  House  Read second time HJ-11
   04/26/07  House  Motion noted- Rep. Cotty noted a motion to
                     reconsider the vote whereby S. 139 was given a
                     second reading HJ-29
   05/01/07  House  Debate adjourned HJ-13
   05/02/07  House  Reconsider vote whereby read second time HJ-18
   05/02/07  House  Amended HJ-31
   05/02/07  House  Read second time HJ-31
   05/03/07  House  Read third time and returned to Senate with
                     amendments HJ-143
   05/03/07  House  Roll call Yeas-103  Nays-0 HJ-145
   05/08/07  Senate Non-concurrence in House amendment SJ-20
   05/09/07  House  House insists upon amendment and conference
                     committee appointed Reps. Cotty, JH Neal, and
                     LImehouse HJ-2
   05/16/07  Senate Conference committee appointed Courson, Matthews,
                     and Hayes SJ-16
   05/23/07  House  Free conference powers granted HJ-28
   05/23/07  House  Free conference committee appointed Reps. Cotty,
                     JH Neal, and Limehouse HJ-30
   05/23/07  Senate Free conference powers granted SJ-67
   05/24/07  Senate Free conference committee appointed Courson,
                     Matthews, and Hayes SJ-67
   05/24/07  House  Free conference report received and adopted HJ-12
   05/24/07  Senate Free conference report adopted SJ-34
   05/24/07  Senate Ordered enrolled for ratification SJ-35
   05/31/07         Ratified R 86
   06/06/07         Vetoed by Governor
   06/07/07  Senate Veto overridden by originating body Yeas-38  Nays-0
   06/07/07  House  Veto overridden Yeas-100  Nays-0 HJ-68
   06/18/07         Copies available
   06/18/07         Effective date See Act for Effective Date
   06/18/07         Act No. 66

(A66, R86, S139)

AN ACT TO AMEND SECTION 12-37-224, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MOTOR HOMES WHICH QUALIFY AS A PRIMARY OR SECONDARY RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAX, SO AS TO INCLUDE A BOAT OR WATERCRAFT, OR A TRAILER USED FOR CAMPING AND RECREATIONAL TRAVEL PULLED BY A MOTOR VEHICLE AND TO REQUIRE THE FAIR MARKET VALUE OF A MOTOR HOME, A BOAT OR WATERCRAFT, OR TRAILER THAT MEETS THE REQUIREMENTS OF THIS ACT TO BE DETERMINED IN THE MANNER THAT MOTOR VEHICLES ARE VALUED FOR PROPERTY TAX PURPOSES.

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

Watercraft and travel trailers may qualify

SECTION    1.    Section 12-37-224 of the 1976 Code, as last amended by Act 386 of 2006, is further amended to read:

"Section 12-37-224.    A motor home, a boat or watercraft, or trailer used for camping and recreational travel that is pulled by a motor vehicle on which the interest portion of indebtedness is deductible pursuant to the Internal Revenue Code as an interest expense on a qualified primary or secondary residence also is a primary or secondary residence for purposes of ad valorem property taxation in this State. The fair market value of a motor home, a boat or watercraft, or trailer used for camping and recreational travel that is pulled by a motor vehicle classified for property tax purposes as a primary or secondary residence pursuant to this section must be determined in the manner that motor vehicles are valued for property tax purposes."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor and is applicable for travel trailer or boat or watercraft property tax years beginning after 2006.

Ratified the 31st day of May, 2007.

Vetoed by the Governor -- 6/6/07.

Veto overridden by Senate -- 6/7/07.

Veto overridden by House -- 6/7/07.