Current Status Bill Number:
3665Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950223Primary Sponsor: Gamble,All Sponsors: Gamble, Cato, Worley, G. Brown and L. WhipperDrafted Document Number: PFM\7198BDW.95Residing Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Consumer leases for motor vehicles
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19950328 Introduced, read first time, 06 SF referred to Committee House 19950324 Read third time, sent to Senate House 19950323 Unanimous consent for third reading on the next Legislative day House 19950323 Read second time House 19950323 Objection by Representative Waldrop House 19950322 Committee report: Favorable 26 HLCI House 19950223 Introduced, read first time, 26 HLCI referred to CommitteeView additional legislative information at the LPITS web site.
March 22, 1995
Introduced by REPS. Gamble, Cato, Worley, G. Brown and L. Whipper
S. Printed 3/22/95--H.
Read the first time February 23, 1995.
To whom was referred a Bill (H. 3665), to amend the Code of Laws of South Carolina, 1976, by adding Section 12-36-933, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
HARRY F. CATO, for Committee.
1. Estimated Cost to State-First Year$-0-
2. Estimated Cost to State-Annually Thereafter$-0-
The proposed House Bill 3665 would amend the South Carolina Code of Laws, 1976, to exempt consumers entering an automobile lease agreement from paying the sales tax twice.
The Department of Revenue indicates this legislation would have no administrative impact on the department upon enactment.
Prepared By: Approved By:
Frances H. Barr George N. Dorn, Jr.
State Budget Analyst Director, Office of State Budget
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-933 SO AS TO PROVIDE REQUIREMENTS FOR CONSUMER LEASES FOR AUTOMOBILES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 12-36-933. When a person enters a consumer lease to lease an automobile and pays the sales tax pursuant to this article, he is not required to pay the sales tax again if the automobile is purchased at the end of the term of the lease."
SECTION 2. This act takes effect upon approval by the Governor.