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TO AMEND SECTION 12-37-220 OF THE 1976 CODE, RELATING TO PROPERTY TAX EXEMPTIONS, TO EXEMPT FORTY-TWO AND ONE-HALF PERCENT OF THE FAIR MARKET VALUE OF A BOAT, INCLUDING ITS MOTOR IF SEPARATELY TAXED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220 of the 1976 Code is amended by adding an appropriately numbered item at the end to read:
"( ) Forty-two and one-half percent of the fair market value of a boat, including its motor if separately taxed."
SECTION 2. This act takes effect upon approval by the Governor.
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