Current Status Bill Number:
1032Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19960118Primary Sponsor: BryanAll Sponsors: BryanDrafted Document Number: res9867.djCompanion Bill Number: 4470Residing Body: HouseCurrent Committee: Ways and Means Committee 30 HWMSubject: Sales tax fees, certain exclusions
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19960313 Introduced, read first time, 30 HWM referred to Committee Senate 19960312 Read third time, sent to House Senate 19960307 Read second time, notice of general amendments Senate 19960306 Committee report: Favorable 06 SF Senate 19960118 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
March 6, 1996
S. Printed 3/6/96--S.
Read the first time January 18, 1996.
To whom was referred a Bill (S. 1032), to amend Section 12-36-90, as amended, Code of Laws of South Carolina, 1976, relating to the definition of "gross proceeds of sales", etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
JOHN DRUMMOND, for Committee.
This bill would reduce state sales tax revenue by approximately $400,000 per fiscal year. Of this total, approximately $320,000 would be a reduction in General Fund revenue and $80,000 would be a reduction in EIA Funds.
This fiscal impact is based on the $8,000,000 of excise tax collections on motor oil, batteries, and white goods pursuant to the Solid Waste Policy and Management Act of 1991.
Burnet R. Maybank, III
S.C. Department of Revenue
TO AMEND SECTION 12-36-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "GROSS PROCEEDS OF SALES" FOR PURPOSES OF THE SOUTH CAROLINA SALES AND USE TAX ACT, SO AS TO EXCLUDE FROM THE DEFINITION FEES IMPOSED ON THE SALE OF MOTOR OIL, NEW TIRES, LEAD-ACID BATTERIES, AND WHITE GOODS PURSUANT TO THE SOUTH CAROLINA SOLID WASTE POLICY AND MANAGEMENT ACT OF 1991.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-90(2) of the 1976 Code, as last amended by Act 497 of 1994, is further amended by adding an appropriately lettered subitem to read:
"( ) fees imposed on the sale of motor oil, new tires, lead-acid batteries, and white goods pursuant to Article 1, Chapter 96 of Title 44, including the refundable deposit when a lead-acid battery core is not returned to a retailer."
SECTION 2. This act takes effect on the first day of the second month following approval by the Governor.