South Carolina General Assembly
113th Session, 1999-2000

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Bill 948


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                      948
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20000111
Primary Sponsor:                  Elliott
All Sponsors:                     Elliott
Drafted Document Number:          l:\council\bills\bbm\9051htc00.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Property tax exemptions, requirements for 
                                  boats to classify for; Watercraft, Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20000111  Introduced, read first time,           06 SF
                  referred to Committee
Senate  19991207  Prefiled, referred to Committee        06 SF


                             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 THE CLASSIFICATION OF A MOTOR HOME AS REAL PROPERTY FOR PURPOSES OF AD VALOREM TAXES AND THE REQUIREMENTS NECESSARY FOR THAT CLASSIFICATION, SO AS TO INCLUDE BOATS WITHIN THE CLASSIFICATION IF THEY MEET THE SAME REQUIREMENTS.

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 Section 1, Act 114 of 1999, is amended to read:

"Section 12-37-224. A motor home or boat 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. The amendment to Section 12-37-224 of the 1976 Code contained in this act is effective for property tax years beginning after 1999.

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