South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

H. 4452

STATUS INFORMATION

General Bill
Sponsors: Reps. McCravy and Pitts
Document Path: l:\council\bills\bbm\9710dg18.docx

Introduced in the House on January 9, 2018
Currently residing in the House Committee on Ways and Means

Summary: Definitions

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/13/2017  House   Prefiled
  12/13/2017  House   Referred to Committee on Ways and Means
    1/9/2018  House   Introduced and read first time (House Journal-page 118)
    1/9/2018  House   Referred to Committee on Ways and Means 
                        (House Journal-page 118)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/13/2017

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

A BILL

TO AMEND SECTION 12-36-60, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF TANGIBLE PERSONAL PROPERTY, SO AS TO EXCLUDE FROM THE DEFINITION THE RENTAL OR LEASE OF PROPERTY IF THE PROPERTY MUST BE SERVICED TO REMAIN SANITARY FOR THE INTENDED USE OF THE PROPERTY, AND THE LESSOR WOULD NOT RENT OR LEASE THE PROPERTY UNLESS THE LESSEE AGREES TO THE LESSOR SERVICING THE PROPERTY.

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

SECTION    1.    Section 12-36-60 of the 1976 Code is amended to read:

"Section 12-36-60.    'Tangible personal property' means personal property which may be seen, weighed, measured, felt, touched, or which is in any other manner perceptible to the senses. It also includes services and intangibles, including communications, laundry and related services, furnishing of accommodations and sales of electricity, the sale or use of which is subject to tax under this chapter and does not include stocks, notes, bonds, mortgages, or other evidences of debt. Tangible personal property does not include the transmission of computer database information by a cooperative service when the database information has been assembled by and for the exclusive use of the members of the cooperative service. Tangible personal property does not include the rental or lease of tangible personal property if the property must be serviced to remain sanitary for the intended use of the property, and the lessor would not rent or lease the property unless the lessee agrees to the lessor servicing the property."

SECTION    2.    This act takes effect upon approval by the Governor and applies for all such rentals or leases executed on or after this date, and it applies retroactively to all such rentals or leases in any period remaining open by law or agreement for assessment of taxes as of the date the Governor approves this act.

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This web page was last updated on January 10, 2018 at 11:45 AM