Current Status Introducing Body:House Bill Number:3278 Primary Sponsor:Kirsh Committee Number:30 Type of Legislation:GB Subject:Property tax exemption, inventories Residing Body:House Current Committee:Ways and Means Companion Bill Number:420 Computer Document Number:JIC/5226.HC Introduced Date:Jan 22, 1991 Last History Body:House Last History Date:Jan 22, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Kirsh McTeer D. Elliott Type of Legislation:General Bill
Bill Body Date Action Description CMN
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3278 House Jan 22, 1991 Introduced, read first time, 30
referred to Committee
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TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO DELETE OBSOLETE LANGUAGE WITH RESPECT TO THE EXEMPTION FOR INVENTORIES AND CLARIFY THAT THE EXEMPTION APPLIES TO ALL INVENTORIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220 B(30) of the 1976 Code is amended to read:
"(30) Effective for the 1988 and subsequent taxable years, all All inventories of business establishments."
SECTION 2. This act takes effect upon approval by the Governor.