Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 1040
STATUS INFORMATION
General Bill
Sponsors: Senator Hawkins
Document Path: l:\s-res\jdh\041fair.kmm.doc
Introduced in the Senate on January 12, 2006
Currently residing in the Senate Committee on Finance
Summary: Property tax exemption
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/12/2006 Senate Introduced and read first time SJ-9 1/12/2006 Senate Referred to Committee on Finance SJ-9 1/12/2006 Senate Referred to Subcommittee: Hayes (ch), Land, Courson, Matthews, Grooms, Richardson
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-37-220(B) OF THE 1976 CODE, RELATING TO GENERAL EXEMPTIONS FROM TAXES, TO PROVIDE AN EXEMPTION FROM AD VALOREM TAXATION FOR ALL PROPERTY OWNED BY COUNTY FAIR ASSOCIATIONS OR SOCIETIES AND FOR FAIRGROUNDS OWNED AND OPERATED BY AGRICULTURAL OR MECHANICAL SOCIETIES PROVIDED THAT THE FAIRGROUNDS ARE NOT USED FOR PROFIT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220(B) of the 1976 Code is amended by adding appropriately numbered new subsections to read:
"( ) All property owned by county fair associations or societies.
( ) Fairgrounds owned and operated by agricultural or mechanical societies provided that the fairgrounds are not used for profit."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on Friday, December 4, 2009 at 3:34 P.M.