Current Status Bill Number:
4580Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19960208Primary Sponsor: FlemingAll Sponsors: Fleming, Knotts, Bailey, Cotty, Cromer, Sandifer, Easterday, Littlejohn, Koon, Stoddard, Herdklotz, Meacham, Robinson, Haskins, Quinn, Law, Fulmer, Wright, Cato, Davenport, McKay and LimbaughDrafted Document Number: jic\5190htc.96Residing Body: HouseCurrent Committee: Ways and Means Committee 30 HWMSubject: School tax millage exempt, certain vehicle or truck
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19960208 Introduced, read first time, 30 HWM referred to CommitteeView additional legislative information at the LPITS web site.
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.