South Carolina General Assembly
113th Session, 1999-2000

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Bill 4280

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      4280
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20000111
Primary Sponsor:                  Haskins
All Sponsors:                     Haskins, Bales, Loftis
Drafted Document Number:          l:\council\bills\dka\3628mm00.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Motor homes, residence requirements for 
                                  purposes of property tax exemptions; Mobile 
                                  Homes, Motor Vehicles


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20000210  Co-Sponsor added (Rule 5.2) by Rep.            Loftis
House   20000111  Introduced, read first time,           30 HWM
                  referred to Committee
House   19991110  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 12-37-224, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO TAXATION OF A MOTOR HOME AS RESIDENTIAL REAL PROPERTY, SO AS TO PROVIDE THAT A RECREATIONAL TRAILER ON WHICH THE INTEREST PORTION OF INDEBTEDNESS IS DEDUCTIBLE PURSUANT TO THE INTERNAL REVENUE CODE AS AN INTEREST EXPENSE ON A QUALIFIED PRIMARY OR SECOND RESIDENCE IS ALSO A PRIMARY OR SECOND RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAXATION IN THIS STATE AND IS CONSIDERED REAL PROPERTY RATHER THAN PERSONAL PROPERTY FOR PROPERTY TAX PURPOSES.

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

SECTION 1. Section 12-37-224 of the 1976 Code, as added by Act 114 of 1999, is amended to read:

"Section 12-37-224. A motor home or a recreational trailer on which the interest portion of indebtedness is deductible pursuant to the Internal Revenue Code as an interest expense on a qualified primary or second residence is also a primary or second residence for purposes of ad valorem property taxation in this State and is considered real property rather than personal property for property tax purposes."

SECTION 2. This act is effective for motor vehicle property tax years beginning the first day of the first month after approval by the Governor.

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