Current Status Bill Number:
3710Ratification Number: 421Act Number: 346Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950301Primary Sponsor: KeyserlingAll Sponsors: Keyserling, Richardson, Seithel, L. Whipper, Whatley and JaskwhichDrafted Document Number: JIC\5437HTC.95Companion Bill Number: 644Date Bill Passed both Bodies: 19960515Date of Last Amendment: 19960425Governor's Action: SDate of Governor's Action: 19960529Subject: Sales tax exempt, recycling machinery
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ ------ 19960606 Act No. A346 ------ 19960529 Signed by Governor ------ 19960523 Ratified R421 House 19960515 Concurred in Senate amendment, enrolled for ratification Senate 19960509 Read third time, returned to House with amendment Senate 19960425 Amended, read second time, ordered to third reading with notice of general amendments Senate 19960424 Committee report: Favorable with 06 SF amendment Senate 19950505 Introduced, read first time, 06 SF referred to Committee House 19950504 Read third time, sent to Senate House 19950503 Read second time House 19950426 Committee report: Favorable 30 HWM House 19950301 Introduced, read first time, 30 HWM referred to CommitteeView additional legislative information at the LPITS web site.
(A346, R421, H3710)
AN ACT TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXTEND THE EXEMPTION ALLOWED MANUFACTURING MACHINERY TO MACHINERY USED FOR RECYCLING OVER TWO FISCAL YEARS BEGINNING JULY 1, 1997, AND TO DEFINE "RECYCLING".
Be it enacted by the General Assembly of the State of South Carolina:
Exemption phased in
SECTION 1. Section 12-36-2120(17) of the 1976 Code, as added by Act 612 of 1990, is amended to read:
"(17) machines used in manufacturing, processing, recycling, compounding, mining, or quarrying tangible personal property for sale. `Machines' include the parts of machines, attachments, and replacements used, or manufactured for use, on or in the operation of the machines and which are necessary to the operation of the machines and are customarily so used. This exemption does not include automobiles or trucks. As used in this item `recycling' means any process by which materials which would otherwise become solid waste are collected, separated, or processed and reused, or returned to use in the form of raw materials or products, including composting, for sale. However, in applying this exemption to machines used in recycling, the following percentage of the gross proceeds of sale, or sales price of, machines used in recycling are exempt from the taxes imposed by this chapter:
Fiscal Year of Sale Percentage
Fiscal year 1997-98 fifty percent
After June 30, 1998 one hundred percent;"
SECTION 2. This act takes effect July 1, 1997.
Approved the 29th day of May, 1996.