South Carolina General Assembly
111th Session, 1995-1996

Bill 4580

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       4580
Type of Legislation:               General Bill GB
Introducing Body:                  House
Introduced Date:                   19960208
Primary Sponsor:                   Fleming
All Sponsors:                      Fleming, Knotts, Bailey, Cotty,
                                   Cromer, Sandifer, Easterday,
                                   Littlejohn, Koon, Stoddard,
                                   Herdklotz, Meacham, Robinson,
                                   Haskins, Quinn, Law, Fulmer, Wright,
                                   Cato, Davenport, McKay and Limbaugh
                                   
Drafted Document Number:           jic\5190htc.96
Residing Body:                     House
Current Committee:                 Ways and Means Committee 30
                                   HWM
Subject:                           School tax millage exempt,
                                   certain vehicle or truck
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

House   19960208  Introduced, read first time,             30 HWM
                  referred to Committee
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FROM SCHOOL OPERATING MILLAGE AN AMOUNT EQUAL TO FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF ALL PRIVATE PASSENGER MOTOR VEHICLES AND TRUCKS WITH AN EMPTY WEIGHT OF NOT MORE THAN FIVE THOUSAND POUNDS WHEN REGISTERED TO AN INDIVIDUAL FOR PERSONAL USE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 12-37-220(B) of the 1976 Code is amended by adding an appropriately numbered item at the end to read:

"( )(a) Subject to the requirements of subitem (b), an exemption from property tax levied for school operations is allowed in the amount of five thousand dollars of the fair market value of:

(i) a motor vehicle which may be registered upon payment of the fees provided in Section 56-3-620; and

(ii) a truck with an empty weight of not more than five thousand pounds.

(b) Only a vehicle registered to an individual for personal use is eligible for the exemption allowed by this item.

(c) For purposes of this item, property taxes levied for school operations are those school taxes from which an exemption is allowed pursuant to Section 12-37-251(A)."

SECTION 2. Upon approval by the Governor, this act applies for motor vehicle tax years beginning after June 30, 1996.

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