Current Status Bill Number:3919 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19950404 Primary Sponsor:Keyserling All Sponsors:Keyserling, L. Whipper, Whatley and Jaskwhich Drafted Document Number:JIC\5656HTC.95 Companion Bill Number:722 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Alternative fuels, property tax exemption
Body Date Action Description Com Leg Involved
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House 19950404 Introduced, read first time, 30 HWM
referred to Committee
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TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FIFTY PERCENT OF THE FAIR MARKET VALUE OF VEHICLES PROPELLED BY ALTERNATIVE FUEL.
SECTION 1. Section 12-37-220(B) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:
" ( ) Fifty percent of the fair market value of a motor vehicle capable of operating on natural gas, propane, electricity, or a fuel consisting of at least eighty-five percent ethanol or methanol."
SECTION 2. This act takes effect July 1, 1995, and applies with respect to motor vehicle tax years beginning after June 30, 1995.