South Carolina General Assembly
121st Session, 2015-2016

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Bill 4762

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

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COMMITTEE REPORT

April 20, 2016

H. 4762

Introduced by Reps. Anthony and Yow

S. Printed 4/20/16--H.

Read the first time January 27, 2016.

            

THE COMMITTEE ON WAYS AND MEANS

To whom was referred a Bill (H. 4762) to amend Section 6-1-320, as amended, Code of Laws of South Carolina, 1976, relating to the limitation on millage rate increases and exceptions to this, etc., respectfully

REPORT:

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

W. BRIAN WHITE for Committee.

            

A BILL

TO AMEND SECTION 6-1-320, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE LIMITATION ON MILLAGE RATE INCREASES AND EXCEPTIONS TO THIS LIMITATION, SO AS TO REVISE THE EXCEPTION TO THIS LIMITATION FOR THE PURCHASE OF CAPITAL EQUIPMENT AND OTHER EXPENDITURES IN A COUNTY HAVING A POPULATION OF LESS THAN ONE HUNDRED THOUSAND PERSONS AND HAVING AT LEAST FORTY THOUSAND ACRES OF STATE FOREST LAND BY CHANGING THE TERM "STATE FOREST LAND" IN THIS EXCEPTION TO THE TERM "STATE OR NATIONAL FOREST LAND".

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

SECTION    1.    Section 6-1-320(B)(7) of the 1976 Code, as last amended by Act 410 of 2008, is further amended to read:

"(7)    to purchase capital equipment and make expenditures related to the installation, operation, and purchase of the capital equipment including, but not limited to, taxes, duty, transportation, delivery, and transit insurance, in a county having a population of less than one hundred thousand persons and having at least forty thousand acres of state or national forest land. For purposes of this section, "capital equipment" means an article of nonexpendable, tangible, personal property, to include communication software when purchased with a computer, having a useful life of more than one year and an acquisition cost of fifty thousand dollars or more for each unit."

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

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