H 3117 General Bill, By Cato, L.L. Elliott and Riser
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 12-36-935 so as to provide requirements for consumer leases for automobiles.

   12/14/94  House  Prefiled
   12/14/94  House  Referred to Committee on Labor, Commerce and Industry
   01/10/95  House  Introduced and read first time HJ-42
   01/10/95  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-42
   03/22/95  House  Committee report: Favorable Labor, Commerce and
                     Industry HJ-6
   03/23/95  House  Read second time HJ-16
   03/23/95  House  Unanimous consent for third reading on next
                     legislative day HJ-17
   03/24/95  House  Read third time and sent to Senate HJ-2
   03/28/95  Senate Introduced and read first time SJ-14
   03/28/95  Senate Referred to Committee on Finance SJ-14

March 22, 1995

H. 3117

S. Printed 3/22/95--H.

Read the first time January 10, 1995.

To whom was referred a Bill (H. 3117), to amend the Code of Laws of South Carolina, 1976, by adding Section 12-36-935, etc., respectfully

That they have duly and carefully considered the same, and recommend that the same do pass:

HARRY F. CATO, for Committee.

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-935 SO AS TO PROVIDE REQUIREMENTS FOR CONSUMER LEASES FOR AUTOMOBILES.

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

SECTION 1. The 1976 Code is amended by adding:

"Section 12-36-935. When a person enters a consumer lease to lease an automobile and pays the sales tax pursuant to this article, the lessor shall inform the consumer that if the automobile is purchased at the end of the term of the lease, the consumer shall pay the sales tax again at the end of the term."

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