South Carolina General Assembly
113th Session, 1999-2000

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Bill 3214

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      3214
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990112
Primary Sponsor:                  Bowers
All Sponsors:                     Bowers
Drafted Document Number:          l:\council\bills\gjk\20096sd99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax assessments, motor vehicles, 
                                  private passenger; value when used for 
                                  noncommercial purposes


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990112  Introduced, read first time,           30 HWM
                  referred to Committee
House   19990106  Prefiled, referred to Committee        30 HWM


                             Versions of This Bill
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 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CLASSIFICATION OF PROPERTY FOR AD VALOREM TAX PURPOSES AND THE ASSESSMENT RATIOS APPLICABLE TO SUCH PROPERTY, SO AS TO PROVIDE THAT PRIVATE PASSENGER MOTOR VEHICLES USED FOR NONCOMMERCIAL PURPOSES SHALL BE TAXED ON AN ASSESSMENT EQUAL TO SIX PERCENT OF FAIR MARKET VALUE.

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

SECTION 1. Section 12-43-220(f) of the 1976 Code, as last amended by Act 459 of 1996, is further amended to read:

"(f) Except as specifically provided by law, all other personal property shall be taxed on an assessment of ten and one-half percent of fair market value of such property except that commercial fishing boats shall be taxed on an assessment of five percent of fair market value, and except that all private passenger motor vehicles used for noncommercial purposes shall be taxed on an assessment equal to six percent of fair market value. As used in this item, 'commercial fishing boats' shall mean means boats licensed by the Department of Natural Resources which are used exclusively for commercial fishing, shrimping, or crabbing."

SECTION 2. This act takes effect upon approval by the Governor.

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