H 3762 Session 117 (2007-2008)
H 3762 General Bill, By Herbkersman, Agnew, Bingham, Ceips, Cobb-Hunter, Cooper,
Funderburk, Gambrell, Harvin, Hayes, Hinson, Jennings, Merrill, J.H. Neal, Ott and
White
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION
6-1-155 SO AS TO ESTABLISH AN ACCOUNT IN THE STATE TREASURY CONSISTING OF
SALES AND USE TAX REVENUES ATTRIBUTABLE TO THE DELETION OF AN EXEMPTION AND TO
PROVIDE THAT THIS REVENUE MUST BE DISTRIBUTED UPON APPLICATION TO COASTAL
MUNICIPALITIES AND COUNTIES AND USED TO MAINTAIN SALT WATER QUALITY IN SAA
WATERS NEAR CHANNELS USED BY SHIPS IN INTERCOASTAL TRADE AND FOREIGN COMMERCE;
AND TO AMEND SECTION 12-36-2120, AS AMENDED, RELATING TO SALES AND USE TAX
EXEMPTIONS, SO AS TO DELETE THE EXEMPTION FOR FUEL, LUBRICANTS, AND SUPPLIES
USED ON SHIPS IN INTERCOASTAL TRADE OR FOREIGN COMMERCE.
03/21/07 House Introduced and read first time HJ-51
03/21/07 House Referred to Committee on Ways and Means HJ-52
04/11/07 House Recalled from Committee on Ways and Means HJ-24
04/12/07 House Read second time HJ-16
04/12/07 House Unanimous consent for third reading on next
legislative day HJ-17
04/13/07 House Read third time and sent to Senate HJ-2
04/17/07 Senate Introduced and read first time SJ-10
04/17/07 Senate Referred to Committee on Finance SJ-10
H. 3762
Indicates Matter Stricken
Indicates New Matter
RECALLED
April 11, 2007
H. 3762
Introduced by Reps. Herbkersman, Agnew, Bingham, Ceips, Cobb-Hunter, Cooper, Funderburk, Gambrell, Harvin, Hayes, Hinson, Jennings, Merrill, J.H. Neal, Ott and White
S. Printed 4/11/07--H.
Read the first time March 21, 2007.
A BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-155 SO AS TO ESTABLISH AN ACCOUNT IN THE STATE TREASURY CONSISTING OF SALES AND USE TAX REVENUES ATTRIBUTABLE TO THE DELETION OF AN EXEMPTION AND TO PROVIDE THAT THIS REVENUE MUST BE DISTRIBUTED UPON APPLICATION TO COASTAL MUNICIPALITIES AND COUNTIES AND USED TO MAINTAIN SALT WATER QUALITY IN SAA WATERS NEAR CHANNELS USED BY SHIPS IN INTERCOASTAL TRADE AND FOREIGN COMMERCE; AND TO AMEND SECTION 12-36-2120, AS AMENDED, RELATING TO SALES AND USE TAX EXEMPTIONS, SO AS TO DELETE THE EXEMPTION FOR FUEL, LUBRICANTS, AND SUPPLIES USED ON SHIPS IN INTERCOASTAL TRADE OR FOREIGN COMMERCE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 1, Title 6 of the 1976 Code is amended by adding:
"Section 6-1-155. Notwithstanding any other provision of law providing for the use of sales and use tax revenues, all such revenue attributable to the deletion of the exemption formerly allowed pursuant to Section 12-36-2120(13) must be segregated and maintained in a special account in the State Treasury, the proceeds of which must be distributed upon application to coastal counties and municipalities and used only to maintain salt water quality in SAA waters near channels used for intercoastal trade and foreign commerce."
SECTION 2. Section 12-36-2120(13) of the 1976 Code is amended to read:
"(13) fuel, lubricants, and supplies for use or consumption aboard ships in intercoastal trade or foreign commerce. This exemption does not exempt or exclude from the tax the sale of materials and supplies used in fulfilling a contract for the painting, repair, or reconditioning of ships and other watercraft; RESERVED"
SECTION 3. This act takes effect July 1, 2007.
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