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Session 112 - (1997-1998)Printer Friendly
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H*3819 (Rat #0265, Act #0149 of 1997) General Bill, By Harrell, Allison, Altman, Barrett, J.M. Baxley, Beck, Boan, H. Brown, Campsen, Cato, Chellis, Cobb-Hunter, Cooper, Dantzler, Edge, J.G. Felder, Fleming, Gourdine, Harvin, Haskins, J. Hines, M. Hines, Hinson, J.H. Hodges, Jennings, B.L. Jordan, Keegan, Kelley, Kennedy, M.H. Kinon, Kirsh, Klauber, Knotts, Lanford, Leach, L.H. Limbaugh, Limehouse, Littlejohn, Mason, McKay, McMahand, Phillips, Riser, Robinson, Sandifer, Seithel, Sharpe, Simrill, J. Smith, R. Smith, Stuart, Townsend, Walker, Whatley, Wilder, Wilkins, Witherspoon, Woodrum, W.J. Young and Young-Brickell
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 44 TO TITLE 12 SO AS TO ENACT THE "FEE IN LIEU OF TAX SIMPLIFICATION ACT OF 1997" SO AS TO PROVIDE FOR SIMPLIFICATION OF FEE IN LIEU OF PROPERTY TAX TRANSACTIONS; TO DEFINE CERTAIN TERMS, INCLUDING "ECONOMIC DEVELOPMENT PROPERTY"; TO PROVIDE FOR APPROVAL BY LOCAL COUNTY COUNCILS OF FEE AGREEMENTS; TO PROVIDE FOR CALCULATION OF THE REQUIRED FEE PAYMENTS; TO PROVIDE FOR APPLICATION OF THE FEE TO REPLACEMENT PROPERTY AND A CREDIT AGAINST THE FEE FOR COSTS OF CERTAIN IMPROVEMENTS; TO PROVIDE FOR DISTRIBUTION OF THE FEE, PENALTIES FOR FAILING TO COMPLY WITH THE PROVISIONS OF THIS CHAPTER OR THE FEE AGREEMENTS, CONSEQUENCES OF TRANSFERS OF ECONOMIC DEVELOPMENT PROPERTY AND OF TERMINATION OF FEE AGREEMENTS, QUALIFICATION AS ECONOMIC DEVELOPMENT PROPERTY OF PROPERTY PREVIOUSLY SUBJECT TO PROPERTY TAX, AND REQUIREMENTS FOR AFFILIATE SPONSORS; AND TO AMEND SECTION 12-37-220, AS AMENDED, RELATING TO EXEMPTIONS OF CERTAIN CLASSES OF PROPERTY FROM AD VALOREM TAXATION, SO AS TO INCLUDE ECONOMIC DEVELOPMENT PROPERTY AS AN EXEMPTION; TO PROVIDE FOR ELECTION OF THE NEW FEE IN LIEU ARRANGEMENT AFTER THE EFFECTIVE DATE; TO AMEND SECTION 4-1-175, RELATING TO USE AND PLEDGING OF FEE IN LIEU REVENUES, SO AS TO ALLOW USE AND PLEDGING WITHOUT ISSUING BONDS OR MEETING CERTAIN REQUIREMENTS UNDER CERTAIN CONDITIONS; TO AMEND SECTION 4-12-30, RELATING TO FEE IN LIEU FILINGS, SO AS TO REQUIRE CERTAIN FILINGS OF COPIES; TO AMEND SECTION 4-29-67, AS AMENDED, RELATING TO INDUSTRIAL DEVELOPMENT PROJECT FILINGS, SO AS TO REQUIRE CERTAIN FILINGS; TO REQUIRE IMPOSITION OF A PENALTY AS NEEDED TO COVER THE DEBT OBLIGATION; TO AMEND SECTION 12-43-220, AS AMENDED, RELATING TO EQUALIZATION AND REASSESSMENT OF AGRICULTURAL PROPERTY, SO AS TO DISALLOW APPLICATION OF PROPERTY TAX ROLLBACK TO EXEMPT PROPERTY; TO AMEND SECTIONS 4-10-20 AND 12-36-2110, RELATING TO THE LOCAL OPTION SALES AND USE TAX, SO AS TO DEFINE "MACHINERY" USED FOR RESEARCH AND DEVELOPMENT FOR PURPOSES OF SALES AND USE TAX AND TO IMPOSE AN EFFECTIVE DATE OF DECEMBER 1, 1992; TO AMEND SECTION 12-6-3360, AS AMENDED, RELATING TO JOBS TAX CREDIT, SO AS TO INCREASE THE POPULATION FLOOR TO TWENTY-FIVE THOUSAND FOR RECEIPT OF INCREASED CREDIT DESIGNATION; AND TO REENACT CHAPTER 41, TITLE 2, RELATING TO THE CREATION OF A TAX STUDY COMMISSION, SO AS TO RECREATE A TAX STUDY COMMISSION.-AMENDED TITLE
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A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 44 TO TITLE 12 SO AS TO ENACT THE "FEE IN LIEU OF TAX SIMPLIFICATION ACT OF 1997" SO AS TO PROVIDE FOR SIMPLIFICATION OF FEE IN LIEU OF PROPERTY TAX TRANSACTIONS; TO DEFINE CERTAIN TERMS, INCLUDING "ECONOMIC DEVELOPMENT PROPERTY"; TO PROVIDE FOR APPROVAL BY LOCAL COUNTY COUNCILS OF FEE AGREEMENTS; TO PROVIDE FOR CALCULATION OF THE REQUIRED FEE PAYMENTS; TO PROVIDE FOR APPLICATION OF THE FEE TO REPLACEMENT PROPERTY AND A CREDIT AGAINST THE FEE FOR COSTS OF CERTAIN IMPROVEMENTS; TO PROVIDE FOR DISTRIBUTION OF THE FEE, PENALTIES FOR FAILING TO COMPLY WITH THE PROVISIONS OF THIS CHAPTER OR THE FEE AGREEMENTS, CONSEQUENCES OF TRANSFERS OF ECONOMIC DEVELOPMENT PROPERTY AND OF TERMINATION OF FEE AGREEMENTS, QUALIFICATION AS ECONOMIC DEVELOPMENT PROPERTY OF PROPERTY PREVIOUSLY SUBJECT TO PROPERTY TAX, AND REQUIREMENTS FOR AFFILIATE SPONSORS; AND TO AMEND SECTION 12-37-220, AS AMENDED, RELATING TO EXEMPTIONS OF CERTAIN CLASSES OF PROPERTY FROM AD VALOREM TAXATION, SO AS TO INCLUDE ECONOMIC DEVELOPMENT PROPERTY AS AN EXEMPTION; TO PROVIDE FOR ELECTION OF THE NEW FEE IN LIEU ARRANGEMENT AFTER THE EFFECTIVE DATE; TO AMEND SECTION 4-1-175, RELATING TO USE AND PLEDGING OF FEE IN LIEU REVENUES, SO AS TO ALLOW USE AND PLEDGING WITHOUT ISSUING BONDS OR MEETING CERTAIN REQUIREMENTS UNDER CERTAIN CONDITIONS; TO AMEND SECTION 4-12-30, RELATING TO FEE IN LIEU FILINGS, SO AS TO REQUIRE CERTAIN FILINGS OF COPIES; TO AMEND SECTION 4-29-67, AS AMENDED, RELATING TO INDUSTRIAL DEVELOPMENT PROJECT FILINGS, SO AS TO REQUIRE CERTAIN FILINGS; TO REQUIRE IMPOSITION OF A PENALTY AS NEEDED TO COVER THE DEBT OBLIGATION; TO AMEND SECTION 12-43-220, AS AMENDED, RELATING TO EQUALIZATION AND REASSESSMENT OF AGRICULTURAL PROPERTY, SO AS TO DISALLOW APPLICATION OF PROPERTY TAX ROLLBACK TO EXEMPT PROPERTY; TO AMEND SECTIONS 4-10-20 AND 12-36-2110, RELATING TO THE LOCAL OPTION SALES AND USE TAX, SO AS TO DEFINE "MACHINERY" USED FOR RESEARCH AND DEVELOPMENT FOR PURPOSES OF SALES AND USE TAX AND TO IMPOSE AN EFFECTIVE DATE OF DECEMBER 1, 1992; TO AMEND SECTION 12-6-3360, AS AMENDED, RELATING TO JOBS TAX CREDIT, SO AS TO INCREASE THE POPULATION FLOOR TO TWENTY-FIVE THOUSAND FOR RECEIPT OF INCREASED CREDIT DESIGNATION; AND TO REENACT CHAPTER 41, TITLE 2, RELATING TO THE CREATION OF A TAX STUDY COMMISSION, SO AS TO RECREATE A TAX STUDY COMMISSION.-AMENDED TITLE
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| 04/03/97 | House | Introduced and read first time HJ-2 |
| 04/03/97 | House | Referred to Committee on Ways and Means HJ-3 |
| 04/17/97 | House | Committee report: Favorable with amendment Ways and Means HJ-16 |
| 04/29/97 | House | Amended HJ-42 |
| 04/29/97 | House | Read second time HJ-46 |
| 04/29/97 | House | Roll call Yeas-110 Nays-0 HJ-46 |
| 04/30/97 | House | Read third time and sent to Senate HJ-16 |
| 05/01/97 | Senate | Introduced and read first time SJ-31 |
| 05/01/97 | Senate | Referred to Committee on Finance SJ-31 |
| 05/21/97 | Senate | Committee report: Favorable with amendment Finance SJ-27 |
| 06/03/97 | Senate | Amended SJ-147 |
| 06/03/97 | Senate | Read second time SJ-147 |
| 06/03/97 | Senate | Unanimous consent for third reading on next legislative day SJ-147 |
| 06/04/97 | Senate | Read third time and returned to House with amendments SJ-86 |
| 06/04/97 | House | Non-concurrence in Senate amendment HJ-56 |
| 06/04/97 | Senate | Senate insists upon amendment and conference committee appointed Sens. Leatherman, Leventis, Matthews SJ-24 |
| 06/04/97 | House | Conference committee appointed Reps. R. Smith, Allison & Harrell HJ-140 |
| 06/05/97 | House | Free conference powers granted HJ-215 |
| 06/05/97 | House | Free conference committee appointed Reps. Harrell, R. Smith & Allison HJ-217 |
| 06/05/97 | House | Free conference report received and adopted HJ-217 |
| 06/05/97 | Senate | Free conference powers granted SJ-188 |
| 06/05/97 | Senate | Free conference committee appointed Sens. Leatherman, Leventis, Matthews SJ-188 |
| 06/05/97 | Senate | Free conference report received and adopted SJ-188 |
| 06/17/97 | House | Ordered enrolled for ratification HJ-13 |
| 06/18/97 | Ratified R 265 | |
| 06/24/97 | Signed By Governor | |
| 06/24/97 | Effective date 06/24/97 | |
| 07/09/97 | Copies available | |
| 07/09/97 | Act No. 149 |