Current Status Bill Number:644 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950316 Primary Sponsor:Leventis All Sponsors:Leventis Drafted Document Number:jic\5607htc.95 Companion Bill Number:3710 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Recycling machinery, sales tax exempt
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19950316 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXTEND THE EXEMPTION ALLOWED MANUFACTURING MACHINERY TO MACHINERY USED FOR RECYCLING AND TO DEFINE "RECYCLING".
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120(17) of the 1976 Code, as added by Act 612 of 1990, is amended to read:
"(17) machines used in manufacturing, processing, recycling, compounding, mining, or quarrying tangible personal property for sale. `Machines' include the parts of machines, attachments, and replacements used, or manufactured for use, on or in the operation of the machines and which are necessary to the operation of the machines and are customarily so used. This exemption does not include automobiles or trucks;. As used in this item, `recycling' means any process by which materials which would otherwise become solid waste are collected, separated, or processed and reused or returned to use in the form of raw materials or products, including composting, for sale;"
SECTION 2. This act takes effect upon approval by the Governor.