Current Status Introducing Body:Senate Bill Number:1376 Primary Sponsor:Bryan Committee Number:06 Type of Legislation:GB Subject:Scrap metal processors, sales tax exempt Residing Body:Senate Current Committee:Finance Companion Bill Number:4569 Computer Document Number:CYY/18908.SD Introduced Date:Mar 10, 1992 Last History Body:Senate Last History Date:Mar 10, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Bryan Type of Legislation:General Bill
Bill Body Date Action Description CMN
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1376 Senate Mar 10, 1992 Introduced, read first time, 06
referred to Committee
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TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM SALES TAX, SO AS TO PROVIDE THAT SCRAP METAL PROCESSORS ARE CONSIDERED MANUFACTURERS FOR PURPOSES OF THE EXEMPTIONS RELATING TO THE SALE OF ELECTRICITY OR OTHER FUELS TO MANUFACTURERS FOR CERTAIN USES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120(9)(b) of the 1976 Code is amended to read:
"(b) the generation of heat or power used in manufacturing tangible personal property for sale. For purposes of this item, `manufacturer' or `manufacturing' includes the activities of a scrap metal processor;".
SECTION 2. Section 12-36-2120(19) of the 1976 Code is amended to read:
"(19) electricity used by manufacturers, miners, or quarriers to manufacture, mine, or quarry tangible personal property for sale. For purposes of this item, `manufacturer' or `manufacture' includes the activities of scrap metal processors;".
SECTION 3. This act takes effect upon approval by the Governor.