Current Status Introducing Body:House Bill Number:4530 Primary Sponsor:Witherspoon Committee Number:30 Type of Legislation:GB Subject:Property tax exemption, outboard motor powered watercraft Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5244HC.94 Introduced Date:19940118 Last History Body:House Last History Date:19940118 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Witherspoon Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved ---- ------ ------------ ------------------------------ --- ------------ 4530 House 19940118 Introduced, read first time, 30 referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT AN OUTBOARD MOTOR POWERED WATERCRAFT LESS THAN FOURTEEN FEET IN LENGTH AND TO EXEMPT A WATERCRAFT FOURTEEN OR MORE FEET OR LONGER WHICH IS ASSESSED AT LESS THAN FIFTY DOLLARS; AND TO AMEND SECTION 12-4-720, RELATING TO THE PROCEDURE FOR FILING FOR PROPERTY TAX EXEMPTION, SO AS TO PROVIDE THAT NO APPLICATION IS NECESSARY FOR THE BOAT EXEMPTIONS ALLOWED BY THIS ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-4-720(B) of the 1976 Code, as added by Act 50 of 1991, is amended to read:
"(B) The provisions of subsection (A) of this section do not apply in the case of properties owned by the United States Government or those exempt properties enumerated in Section 12-37-220(A)(1), (5), (9), and (10) and (B)(9), (13), (14), (15), (23), (25), and (30), and (35)."
SECTION 2. Section 12-37-220(B) of the 1976 Code is amended by adding an appropriately numbered item to read:
"(35)(a) A watercraft less than fourteen feet in length propelled by an outboard motor, and
(b) a watercraft fourteen or more feet in length with an assessed value of less than fifty dollars."
SECTION 3. This act takes effect upon approval by the Governor and is effective for property tax years beginning after 1993.