Current Status Introducing Body:Senate Bill Number:1041 Primary Sponsor:Courson Committee Number:11 Type of Legislation:GB Subject:Nonprofit organization, financed by federal loan Residing Body:Senate Current Committee:Judiciary Computer Document Number:BBM/10764JM.94 Introduced Date:19940118 Last History Body:Senate Last History Date:19940118 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Courson Hayes Martin Gregory Passailaigue Rose Giese Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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1041 Senate 19940118 Introduced, read first time, 11
referred to Committee
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TO REPEAL SECTION 33-35-160, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DECLARATION THAT NO CORPORATION ORGANIZED UNDER CHAPTER 35 OF TITLE 33 (NONPROFIT CORPORATIONS FINANCED BY FEDERAL LOANS) SHALL BE EXEMPT FROM TAXATION BY REASON OF ANY PROVISION OF THAT CHAPTER.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 33-35-160 of the 1976 Code is repealed.
SECTION 2. This act takes effect upon approval by the Governor.