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Bill 3302

                    Current Status

Bill Number:                      3302
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990119
Primary Sponsor:                  Easterday
All Sponsors:                     Easterday
Drafted Document Number:          l:\council\bills\dka\3136mm99.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Sales tax exemption, consumer motor 
                                  vehicle leases when; Leased vehicles, Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990202  Introduced, read first time,           06 SF
                  referred to Committee
House   19990129  Read third time, sent to Senate
House   19990128  Read second time, unanimous
                  consent for third reading on 
                  Friday, 19990129
House   19990127  Recalled from Committee                30 HWM
House   19990126  Referred to Committee                  30 HWM
House   19990126  Recalled from Committee                26 HLCI
House   19990119  Introduced, read first time,           26 HLCI
                  referred to Committee


                             Versions of This Bill
Revised on January 27, 1999 - Word format

RECALLED

January 27, 1999

H. 3302

S. Printed 1/27/99--H.

Read the first time January 19, 1999.

TO AMEND SECTION 12-36-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "GROSS PROCEEDS OF SALES" FOR PURPOSES OF THE SALES AND USE TAX, SO AS TO PROVIDE FOR AN EXEMPTION FOR CONSUMER AUTOMOBILE LEASES WHEN THE AUTOMOBILE IS PURCHASED UNDER CERTAIN CIRCUMSTANCES.

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

SECTION 1. Section 12-36-90(2) of the 1976 Code, as last amended by Act 431 of 1996, is further amended by adding:

"(h) the purchase price paid by the lessee during or at the end of the term of a consumer automobile lease pursuant to the provisions of the lease, to the extent that the sales tax has already been paid on the lease as provided by this chapter. When the lessee purchases the automobile during or at the end of the term of the lease, sales tax remaining to be paid by the lessee on the purchase price is due and payable at that time."

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

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