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A208, R262, H4871

STATUS INFORMATION

General Bill
Sponsors: Reps. Harrell, Owens, Bannister, Erickson, Forrester, Rutherford, Cobb-Hunter, Hayes, White and Mitchell
Document Path: l:\council\bills\nl\13395sd14.docx

Introduced in the House on March 6, 2014
Introduced in the Senate on March 13, 2014
Last Amended on May 20, 2014
Passed by the General Assembly on May 22, 2014
Governor's Action: June 2, 2014, Signed

Summary: Charter schools

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    3/6/2014  House   Introduced, read first time, placed on calendar without 
                        reference (House Journal-page 24)
   3/12/2014  House   Member(s) request name added as sponsor: Mitchell
   3/12/2014  House   Read second time (House Journal-page 18)
   3/12/2014  House   Roll call Yeas-113  Nays-0 (House Journal-page 18)
   3/12/2014  House   Unanimous consent for third reading on next legislative 
                        day (House Journal-page 18)
   3/13/2014  House   Read third time and sent to Senate 
                        (House Journal-page 328)
   3/13/2014  Senate  Introduced and read first time (Senate Journal-page 6)
   3/13/2014  Senate  Referred to Committee on Education 
                        (Senate Journal-page 6)
    5/6/2014  Senate  Committee report: Favorable with amendment Education 
                        (Senate Journal-page 12)
   5/20/2014  Senate  Committee Amendment Adopted (Senate Journal-page 17)
   5/20/2014  Senate  Read second time (Senate Journal-page 17)
   5/20/2014  Senate  Roll call Ayes-39  Nays-0 (Senate Journal-page 17)
   5/21/2014  Senate  Read third time and sent to House 
                        (Senate Journal-page 30)
   5/22/2014  House   Concurred in Senate amendment and enrolled 
                        (House Journal-page 29)
   5/22/2014  House   Roll call Yeas-98  Nays-0 (House Journal-page 29)
   5/29/2014          Ratified R 262
    6/2/2014          Signed By Governor
    6/6/2014          Effective date 06/02/14
   6/10/2014          Act No. 208

View the latest legislative information at the website

VERSIONS OF THIS BILL

3/6/2014
3/6/2014-A
5/6/2014
5/20/2014

(A208, R262, H4871)

AN ACT TO AMEND SECTION 59-40-140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO VARIOUS PROVISIONS PERTAINING TO CHARTER SCHOOLS INCLUDING A PROVISION EXEMPTING ALL EARNINGS OR PROPERTY OF CHARTER SCHOOLS FROM STATE OR LOCAL TAXATION, EXCEPT FOR THE SALES TAX, SO AS TO CLARIFY THAT PROPERTY OF CHARTER SCHOOLS EXEMPT FROM SUCH TAXATION INCLUDES OWNED OR LEASED PROPERTY.

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

Earnings on property exempt from state and local tax, sales tax exempted

SECTION    1.    Section 59-40-140(K) of the 1976 Code, as last amended by Act 164 of 2012, is further amended to read:

"(K)    Charter schools are exempt from state and local taxation, except the sales tax, on their earnings and property whether owned or leased. Instruments of conveyance to or from a charter school are exempt from all types of taxation of local or state taxes and transfer fees."

Time effective

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

Ratified the 29th day of May, 2014.

Approved the 2nd day of June, 2014.

This web page was last updated on July 24, 2014 at 3:34 PM