South Carolina General Assembly
119th Session, 2011-2012

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Bill 4053


Indicates Matter Stricken
Indicates New Matter


(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 EXEMPTIONS FROM THE STATE SALES TAX, SO AS TO INCLUDE THE GROSS PROCEEDS OF SALES OR THE SALES PRICE OF ANY DEVICE, EQUIPMENT, OR MACHINERY ACTUALLY USED IN THE PRODUCTION OF ELECTRIC OR HYBRID MOTOR VEHICLES.

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:

"( )    any device, equipment, or machinery actually used in the production of electric or hybrid motor vehicles, whether or not the purchases of these items are capitalized or expensed."

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

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This web page was last updated on April 7, 2011 at 11:36 AM