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H. 3759
STATUS INFORMATION
General Bill
Sponsors: Rep. Kirsh
Document Path: l:\council\bills\gjk\20284sd05.doc
Introduced in the House on March 15, 2005
Currently residing in the House Committee on Ways and Means
Summary: Dealer tags
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/15/2005 House Introduced and read first time HJ-49 3/15/2005 House Referred to Committee on Ways and Means HJ-49
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VERSIONS OF THIS BILL
TO AMEND SECTION 12-37-2720, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE EXEMPTION FROM PROPERTY TAXES OF MOTOR VEHICLES WHICH ARE PART OF THE INVENTORY HELD FOR SALE BY A LICENSED MOTOR VEHICLE DEALER AND WHICH ARE OPERATED ON THE HIGHWAYS UNDER A DEALER TAG, SO AS TO REQUIRE THAT THESE VEHICLES TO BE EXEMPT ALSO MUST BE USED EXCLUSIVELY FOR DEALER PURPOSES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) Section 12-37-2720 of the 1976 Code is amended to read:
"Section 12-37-2720. The provisions of this article shall do not apply to motor vehicles which are a part of the inventory held for sale by licensed motor vehicle dealers and, which are operated on the highways under a dealer tag and are used exclusively for dealer purposes."
(B) The provisions of Section 12-37-2720, as amended by subsection (A) of this section, apply for property tax years beginning after December 31, 2005.
SECTION 2. This act takes effect upon approval by the Governor.
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