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Session 124 - (2021-2022)Printer Friendly
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H*4064 (Rat #0052, Act #0039 of 2021) General Bill, By G.M. Smith, Sandifer and Weeks
Summary: Manufacturing exemption exclusion
AN ACT TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO CLARIFY THAT MANUFACTURING PROPERTY OWNED OR LEASED BY A PUBLIC UTILITY REGULATED BY THE PUBLIC SERVICE COMMISSION DOES NOT QUALIFY FOR A 14.2857 PERCENT EXEMPTION REGARDLESS OF WHETHER THE PROPERTY IS USED FOR MANUFACTURING; AND TO APPROPRIATE FUNDS FROM THE FISCAL YEAR 2019-2020 CONTINGENCY RESERVE FUND TO THE TRUST FUND FOR TAX RELIEF. - ratified title
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Summary: Manufacturing exemption exclusion
AN ACT TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO CLARIFY THAT MANUFACTURING PROPERTY OWNED OR LEASED BY A PUBLIC UTILITY REGULATED BY THE PUBLIC SERVICE COMMISSION DOES NOT QUALIFY FOR A 14.2857 PERCENT EXEMPTION REGARDLESS OF WHETHER THE PROPERTY IS USED FOR MANUFACTURING; AND TO APPROPRIATE FUNDS FROM THE FISCAL YEAR 2019-2020 CONTINGENCY RESERVE FUND TO THE TRUST FUND FOR TAX RELIEF. - ratified title
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| 03/11/21 | House | Introduced and read first time (House Journal-page 12) |
| 03/11/21 | House | Referred to Committee on Ways and Means (House Journal-page 12) |
| 03/17/21 | House | Member(s) request name added as sponsor: Weeks |
| 03/18/21 | House | Committee report: Favorable with amendment Ways and Means (House Journal-page 42) |
| 04/06/21 | House | Amended (House Journal-page 89) |
| 04/06/21 | House | Read second time (House Journal-page 89) |
| 04/06/21 | House | Roll call Yeas-112 Nays-0 (House Journal-page 90) |
| 04/07/21 | House | Read third time and sent to Senate (House Journal-page 14) |
| 04/07/21 | Senate | Introduced and read first time (Senate Journal-page 11) |
| 04/07/21 | Senate | Referred to Committee on Finance (Senate Journal-page 11) |
| 04/14/21 | Senate | Committee report: Favorable with amendment Finance (Senate Journal-page 9) |
| 04/15/21 | Scrivener's error corrected | |
| 04/20/21 | Senate | Committee Amendment Adopted (Senate Journal-page 24) |
| 04/20/21 | Senate | Read second time (Senate Journal-page 24) |
| 04/20/21 | Senate | Roll call Ayes-44 Nays-0 (Senate Journal-page 24) |
| 04/21/21 | Senate | Read third time and returned to House with amendments (Senate Journal-page 11) |
| 04/27/21 | House | Concurred in Senate amendment and enrolled (House Journal-page 113) |
| 04/27/21 | House | Roll call Yeas-113 Nays-0 (House Journal-page 113) |
| 05/06/21 | Signed By Governor | |
| 05/04/21 | Ratified R 52 | |
| 05/13/21 | Effective date 05/06/21 | |
| 05/13/21 | Act No. 39 |