South Carolina General Assembly
119th Session, 2011-2012

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Indicates Matter Stricken
Indicates New Matter

S. 535

STATUS INFORMATION

General Bill
Sponsors: Senator Leventis
Document Path: l:\council\bills\bbm\9980htc11.docx

Introduced in the Senate on February 10, 2011
Currently residing in the Senate Committee on Finance

Summary: Sales and use tax exemptions

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/10/2011  Senate  Introduced and read first time (Senate Journal-page 3)
   2/10/2011  Senate  Referred to Committee on Finance (Senate Journal-page 3)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/10/2011

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

A BILL

TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES AND USE TAX EXEMPTIONS FOR PURPOSES OF THE SOUTH CAROLINA SALES AND USE TAX ACT, SO AS TO EXEMPT FROM STATE-IMPOSED SALES AND USE TAX TANGIBLE PERSONAL PROPERTY SOLD OR LEASED TO A PUBLIC INSTITUTION OF HIGHER LEARNING.

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

SECTION    1.    Section 12-36-2120 of the 1976 Code, as last amended by Act 280 of 2010, is further amended by adding an appropriately numbered item at the end to read:

"( )    tangible personal property sold or leased to a public institution of higher learning as defined in Section 59-103-5(2), but this exemption does not apply for any local sales and use tax administered by the Department of Revenue."

SECTION    2.    This act takes effect July 1, 2011.

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