Current Status Introducing Body:Senate Bill Number:604 Primary Sponsor:Hayes Type of Legislation:GB Subject:Property tax exemption, new corporate headquarters Residing Body:House Computer Document Number:JIC/5709HC.93 Introduced Date:19930330 Last History Body:House Last History Date:19940407 Last History Type:Committee Report: majority favorable, with amendment, minority unfavorable Scope of Legislation:Statewide All Sponsors:Hayes Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
____ ______ ____________ ______________________________ ___ ____________
604 House 19940407 Committee Report: majority 30
favorable, with amendment,
minority unfavorable
604 House 19940126 Introduced, read first time, 30
referred to Committee
604 Senate 19940125 Read third time, sent to House
604 Senate 19940120 Read second time, notice of
general amendments
604 Senate 19940119 Committee Report: Favorable 06
604 Senate 19930330 Introduced, read first time, 06
referred to Committee
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Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
April 7, 1994
S. 604
S. Printed 4/7/94--H.
Read the first time January 26, 1994.
To whom was referred a Bill (S. 604), to amend Section 12-37-220, as amended, Code of Laws of South Carolina, 1976, relating to property tax exemptions, so as to allow a governing body of a municipality by ordinance to exempt from municipal ad valorem tax, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass with amendment:
Amend the bill, as and if amended, by striking SECTION 2 and inserting:
/SECTION 2. Section 12-37-220(A)(8) of the 1976 Code, as last amended by Section 200, Act 181 of 1993, is further amended to read:
"(8) all facilities or equipment of industrial plants which are designed for the elimination, mitigation, prevention, treatment, abatement, or control of water, air, or noise pollution, both internal and external, required by the state or federal government and used in the conduct of their business. At the request of the Department of Revenue and Taxation, the Department of Health and Environmental Control shall investigate the property of any manufacturer or company, eligible for the exemption to determine the portion of the property that qualifies as pollution control property. Upon investigation of the property, the Department of Health and Environmental Control shall furnish the Department of Revenue and Taxation with a detailed listing of the property that qualifies as pollution control property. For equipment that serves a dual purpose of production and pollution control, the value eligible for the ad valorem exemption is the difference in cost between this equipment and equipment of similar production capacity or capability without the ability to control pollution, except that the value eligible for the ad valorem exemption for equipment that serves a dual purpose of production of greige goods and pollution control is twenty percent of the cost of the equipment;"
SECTION 3. Section 1 of this act takes effect on the ratification of a constitutional amendment authorizing the exemption allowed by Section 1. Section 2 of this act takes effect upon approval by the Governor and applies for property for tax years beginning after 1993.
Renumber sections to conform.
Amend totals and title to conform.
Majority favorable. Minority unfavorable.
WILLIAM D. BOAN HERBERT KIRSH
For Majority. For Minority.
TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO ALLOW A GOVERNING BODY OF A MUNICIPALITY BY ORDINANCE TO EXEMPT FROM MUNICIPAL AD VALOREM TAX FOR NOT MORE THAN FIVE YEARS PROPERTY LOCATED IN THE MUNICIPALITY RECEIVING THE FIVE-YEAR EXEMPTION FROM COUNTY AD VALOREM TAXES AS NEW CORPORATE HEADQUARTERS, CORPORATE OFFICE FACILITIES, DISTRIBUTION FACILITIES, RESEARCH AND DEVELOPMENT FACILITIES, AND ADDITIONS TO SUCH FACILITIES, AND TO PROVIDE THAT THIS EXEMPTION FIRST IS ALLOWED WHEN THE STATE CONSTITUTION IS AMENDED SO AS TO AUTHORIZE THE EXEMPTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220B of the 1976 Code is amended by adding an appropriately numbered item to read:
"( ) the governing body of a municipality may by ordinance exempt from municipal ad valorem taxes for not more than five years property located in the municipality receiving the exemptions from county ad valorem taxes allowed pursuant to items (32) and (34) of this subsection."
SECTION 2. This act takes effect on the ratification of a constitutional amendment authorizing the exemption allowed by this act.