South Carolina General Assembly
123rd Session, 2019-2020

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Indicates Matter Stricken
Indicates New Matter

H. 3966

STATUS INFORMATION

General Bill
Sponsors: Reps. Herbkersman and Cobb-Hunter
Document Path: l:\council\bills\nbd\11233dg19.docx

Introduced in the House on February 13, 2019
Currently residing in the House Committee on Ways and Means

Summary: Airlines, crediting property taxes

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/13/2019  House   Introduced and read first time (House Journal-page 50)
   2/13/2019  House   Referred to Committee on Ways and Means 
                        (House Journal-page 50)

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/13/2019

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

A BILL

TO AMEND SECTION 12-37-2460, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CREDITING PROPERTY TAXES ON AIRLINES, SO AS TO CREDIT THE PROCEEDS OF TAXES TO THE STATE AVIATION FUND; AND TO AMEND SECTION 55-5-280, RELATING TO THE STATE AVIATION FUND, SO AS TO PHASE-IN THE CREDITING OF THE PROCEEDS.

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

SECTION    1.    Section 12-37-2460 of the 1976 Code is amended to read:

"Section 12-37-2460.    Subject to Section 55-5-280, the proceeds collected under this article shall be paid into the general fund of the State Aviation Fund."

SECTION    2.    Section 55-5-280(B) of the 1976 Code is amended to read:

"(B)(1)        In any fiscal year in which 2019-2020, if the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds two and one-half one million two hundred fifty thousand dollars, the revenues in excess of two and one-half one million two hundred fifty thousand dollars must be directed to the State Aviation Fund; however, any revenue in excess of five million dollars must be credited in equal amounts to the general fund and the State Aviation Fund.

(2)    In any fiscal year after 2019-2020, the revenues from the tax levied by the State pursuant to Section 12-37-2140, et seq., must be credited to the State Aviation Fund."

SECTION    3.    This act takes effect upon approval by the Governor.

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This web page was last updated on February 22, 2019 at 12:57 PM