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Bill 466

                    Current Status

Bill Number:                      466
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990204
Primary Sponsor:                  Reese
All Sponsors:                     Reese
Drafted Document Number:          l:\council\bills\nbd\11133mm99.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Sales and use tax, maximum; trailer with 
                                  motor and boat with motor to be specified as 
                                  single sale; Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990204  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 12-36-2110, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MAXIMUM TAX ON THE SALE OF CERTAIN ITEMS, SO AS TO LIMIT THE TAX ON A SINGLE SALE ON SPECIFIED MOTORIZED UNITS AND THE TRAILERS PURCHASED WITH THEM AS A PACKAGE AND ON A BOAT AND MOTOR PURCHASED AS A PACKAGE, TO APPLY THE LIMITATION RETROACTIVELY, AND TO REQUIRE THE DEPARTMENT OF REVENUE TO REFUND SUMS COLLECTED IN EXCESS OF THE MAXIMUM TAX SINCE JULY 1, 1995.

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

SECTION 1. Section 12-36-2110(A)(4)(5) of the 1976 Code, as last amended by Act 497 of 1994, is further amended to read:

"(4) boat, or boat and motor when purchased as a package at the same time by the same purchaser;

(5) trailer or semitrailer, pulled by a truck tractor, as defined in Section 56-3-20, and horse trailers, but not including house trailers or campers as defined in Section 56-3-710, and not including a boat trailer, motorcycle trailer, jet ski or wave runner trailer, three wheel or four wheel all terrain vehicle trailer, or other trailer used to transport a motorized unit of that sort which is sold at the same time as and is included in the sale of a boat, motorcycle, jet ski or wave runner, all terrain vehicle, or other motorized unit of that sort to the same purchaser, that package sale to be taxed as a single sale;"

SECTION 2. Upon approval by the Governor, this act must be applied retroactively to sales taking place on or after effect July 1, 1995. Sums collected by the Department of Revenue as sales tax in excess of the maximum tax provided by this section must be refunded by the department to the taxpayer, with interest as provided in Section 12-54-25.

This web page was last updated on Wednesday, December 9, 2009 at 9:06 A.M.