South Carolina General Assembly
114th Session, 2001-2002

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Bill 3475

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      3475
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20010206
Primary Sponsor:                  Knotts
All Sponsors:                     Knotts, McLeod
Drafted Document Number:          l:\council\bills\gjk\20130sd01.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax assessment, camper trailer 
                                  classified as motor home and considered 
                                  residence for tax purposes; Mobile Homes


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20010220  Co-Sponsor added (Rule 5.2) by Rep.            McLeod
House   20010206  Introduced, read first time,           30 HWM
                  referred to Committee


              Versions of This Bill
View additional legislative information at the LPITS web site.

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

A BILL

TO AMEND SECTION 12-37-224, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MOTOR HOMES ON WHICH THE INTEREST PORTION OF INDEBTEDNESS IS DEDUCTIBLE PURSUANT TO THE INTERNAL REVENUE CODE AS AN INTEREST EXPENSE ON A QUALIFIED PRIMARY OR SECOND RESIDENCE ALSO BEING A PRIMARY OR SECOND RESIDENCE FOR PURPOSES OF AD VALOREM PROPERTY TAXATION IN THIS STATE AND BEING CONSIDERED REAL PROPERTY RATHER THAN PERSONAL PROPERTY FOR PROPERTY TAX PURPOSES.

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

SECTION    1.    Section 12-37-224 of the 1976 Code is amended to read:

    "Section 12-37-224.    A motor home or camper trailer on which the interest portion of indebtedness is deductible pursuant to the Internal Revenue Code as an interest expense on a qualified primary or second residence is also a primary or second residence for purposes of ad valorem property taxation in this State and is considered real property rather than personal property for property tax purposes."

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

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