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AMENDED--NOT PRINTED IN THE HOUSE
Amt. No. 1 (Doc Name council\swb\amend\5179htc00)
April 26, 2000
H. 4317
Introduced by Reps. Allison, Altman, Walker, Riser, Rodgers and Seithel
S. Printed 4/19/00--H.
Read the first time January 11, 2000.
To whom was referred a Bill (H. 4317), to amend Section 12-37-220, as amended, Code of Laws of South Carolina, 1976, relating to property tax exemptions, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass with amendment:
Amend the bill, as and if amended, by striking item (37) as contained in SECTION 1, page 1, and inserting:
/ (37) one personal motor vehicle owned or leased by a legal guardian an individual caregiver of a minor person who is blind or required to use a wheelchair when the vehicle is used to transport the minor person who is blind or required to use a wheelchair and the caregiver is either the spouse of or would be eligible to claim the blind person or the person eligible to use a wheelchair as a dependent on a federal income tax return filed by the caregiver. /
Renumber sections to conform.
Amend totals and title to conform.
ROBERT W. HARRELL, JR., for Committee.
REVENUE IMPACT1
This bill has no impact on state revenues. It will reduce local property taxes from the current trend if local governments do not increase their millage. The reductions from trend will be $6,064,232 in FY 2001. If local governments maintain their current trend, they will adjust their millage. Raising the millage would change the incidence of local property taxes among classes of property beginning in Fiscal Year 2001. The following table shows the shifts in taxation that will occur if local governments adjust millage.
Owner Occupied $1,539,711
Agricultural (Private) $38,999
Agricultural (Corporate) $12,270
Commercial / Rental $1,536,409
Personal Property (Vehicles ($4,884,647)
Manufacturing $914,911
Utility $598,650
Business Personal $243,697
Explanation
Data from the Department of Disabilities and Special Needs, the Department of Education and Vocational Rehabilitation show that approximately 33,480 people would be eligible for this exemption. Multiplying this number times the average car tax of $181.13 yields an estimated $6,064,232 of local property tax revenue that could be exempted under this bill. Local governments could either absorb these exemptions or increase millage to make up the revenue.
Approved By:
William C. Gillespie
Board of Economic Advisors
1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact, Section 2-7-76 for a local revenue impact, and Section 6-1-85(B) for an estimate of the shift in local property tax incidence.
TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FROM PROPERTY TAX ONE PERSONAL MOTOR VEHICLE OWNED OR LEASED BY THE CAREGIVER OF A MENTALLY RETARDED PERSON OR PHYSICALLY HANDICAPPED PERSON WHEN THE VEHICLE IS USED TO TRANSPORT THE MENTALLY RETARDED OR PHYSICALLY HANDICAPPED PERSON, TO REQUIRE THAT THE INDIVIDUAL TRANSPORTED MUST BE ELIGIBLE TO BE CLAIMED AS A DEPENDENT ON FEDERAL INCOME TAX RETURNS FILED BY THE CAREGIVER, AND TO DEFINE "HANDICAPPED" AND "MENTALLY RETARDED".
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220(B)(37) of the 1976 Code, as added by Act 125 of 1995, is amended to read:
"(37) one personal motor vehicle owned or leased by a legal guardian an individual caregiver of a minor person who is blind or required to use a wheelchair when the vehicle is used to transport the minor person who is blind or required to use a wheelchair and the caregiver is either the spouse of or would be eligible to claim the blind person or the person eligible to use a wheelchair as a dependent on a federal income tax return filed by the caregiver."
SECTION 2. This act takes effect July 1, 2000, and applies for motor vehicle tax years beginning after June 30, 2000.
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