South Carolina General Assembly
116th Session, 2005-2006

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Bill 1065

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

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COMMITTEE REPORT

March 1, 2006

S. 1065

Introduced by Senator Grooms

S. Printed 3/1/06--S.

Read the first time January 19, 2006.

            

THE COMMITTEE ON FINANCE

To whom was referred a Bill (S. 1065) to amend Section 12-37-712, Code of Laws of South Carolina, 1976, relating to access to a marina and its business records for the purpose of making, etc., respectfully

REPORT:

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, Page 1 by striking lines 30 and 31 and inserting:

/        name and model, the name of the boat owner, and the boat owner's billing address."        /

Renumber sections to conform.

Amend title to conform.

HUGH K. LEATHERMAN, SR. for Committee.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

ESTIMATED FISCAL IMPACT ON GENERAL FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

ESTIMATED FISCAL IMPACT ON FEDERAL & OTHER FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

EXPLANATION OF IMPACT:

The Department of Revenue reports this bill will have no impact on the General Fund of the State or on federal and/or other funds.

LOCAL GOVERNMENT IMPACT:

Responses from local governments indicate enactment would have a minimal impact on local governments.

SPECIAL NOTES:

The Board of Economic Advisors is the appropriate entity to address the revenue impact associated with this or any other bill.

Approved By:

Don Addy

Office of State Budget

A BILL

TO AMEND SECTION 12-37-712, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ACCESS TO A MARINA AND ITS BUSINESS RECORDS FOR THE PURPOSE OF MAKING PROPERTY TAX ASSESSMENTS, SO AS TO DEFINE "BUSINESS RECORDS" FOR PURPOSES OF THIS SECTION.

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

SECTION    1.    Section 12-37-712 of the 1976 Code, as added by Act 145 of 2005, is amended to read:

"Section 12-37-712.    A marina must provide immediate access to its business records and premises to city, county, and state tax authority employees for the purpose of making a property tax assessment. For the purposes of this section, 'marina' means a facility that provides mooring or dry storage for watercraft on a leased or rental basis, and 'business records' means only a boat name, the name of the boat owner, and the boat owner's billing address."

SECTION    2.    This act takes effect upon approval by the Governor.

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