South Carolina General Assembly
124th Session, 2021-2022

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Indicates Matter Stricken
Indicates New Matter

S. 360

STATUS INFORMATION

General Bill
Sponsors: Senators Rice, Kimbrell and Gambrell
Document Path: l:\council\bills\nbd\11109dg21.docx
Companion/Similar bill(s): 675, 3706

Introduced in the Senate on January 12, 2021
Currently residing in the Senate Committee on Finance

Summary: Airlines, crediting property tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/9/2020  Senate  Prefiled
   12/9/2020  Senate  Referred to Committee on Finance
   1/12/2021  Senate  Introduced and read first time (Senate Journal-page 283)
   1/12/2021  Senate  Referred to Committee on Finance 
                        (Senate Journal-page 283)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/9/2020

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

A BILL

TO AMEND SECTION 12-37-2460, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CREDITING PROPERTY TAXES ON AIRLINES, SO AS TO CREDIT THE PROCEEDS OF TAXES TO THE STATE AVIATION FUND; AND TO AMEND SECTION 55-5-280, RELATING TO THE STATE AVIATION FUND, SO AS TO PHASE-IN THE CREDITING OF THE PROCEEDS.

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

SECTION    1.    Section 12-37-2460 of the 1976 Code is amended to read:

    "Section 12-37-2460.    Subject to Section 55-5-280, the proceeds collected under this article shall be paid into the general fund of the State Aviation Fund."

SECTION    2.    Section 55-5-280(B) of the 1976 Code is amended to read:

    "(B)(1)        In any Fiscal Year in which 2021-2022, if the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds two and one-half one million two hundred fifty thousand dollars, the revenues in excess of two and one-half one million two hundred fifty thousand dollars must be directed to the State Aviation Fund; however, any revenue in excess of five million dollars must be credited in equal amounts to the general fund and the State Aviation Fund.

        (2)    In any fiscal year after 2021-2022, the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., must be credited to the State Aviation Fund."

SECTION    3.    This act takes effect upon approval by the Governor.

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This web page was last updated on March 16, 2021 at 3:19 PM