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A86, R105, S675

STATUS INFORMATION

General Bill
Sponsors: Senators Kimbrell, Rice, Talley, Peeler, Gambrell, Turner, Alexander, Bennett, Garrett and Cash
Document Path: l:\s-res\jk\009airl.sp.jk.docx
Companion/Similar bill(s): 360, 3706

Introduced in the Senate on March 16, 2021
Introduced in the House on April 13, 2021
Last Amended on April 7, 2021
Passed by the General Assembly on May 13, 2021
Governor's Action: May 18, 2021, Signed

Summary: Airlines, crediting property tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/16/2021  Senate  Introduced and read first time (Senate Journal-page 5)
   3/16/2021  Senate  Referred to Committee on Finance (Senate Journal-page 5)
   3/31/2021  Senate  Committee report: Favorable with amendment Finance 
                        (Senate Journal-page 13)
    4/1/2021          Scrivener's error corrected
    4/7/2021  Senate  Committee Amendment Adopted (Senate Journal-page 60)
    4/7/2021  Senate  Read second time (Senate Journal-page 60)
    4/7/2021  Senate  Roll call Ayes-43  Nays-0 (Senate Journal-page 60)
    4/8/2021          Scrivener's error corrected
    4/8/2021  Senate  Read third time and sent to House 
                        (Senate Journal-page 43)
   4/13/2021  House   Introduced and read first time (House Journal-page 12)
   4/13/2021  House   Referred to Committee on Ways and Means 
                        (House Journal-page 12)
    5/4/2021  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 75)
    5/5/2021          Scrivener's error corrected
    5/6/2021  House   Debate adjourned until  Tues., 5-11-21 
                        (House Journal-page 18)
   5/11/2021  House   Debate adjourned until  Wed., 5-12-21 
                        (House Journal-page 20)
   5/12/2021  House   Read second time (House Journal-page 5)
   5/12/2021  House   Roll call Yeas-91  Nays-2 (House Journal-page 5)
   5/13/2021  House   Read third time and enrolled (House Journal-page 28)
   5/18/2021          Ratified R  105
   5/18/2021          Signed By Governor
    6/1/2021          Effective date  05/18/21
    6/1/2021          Act No.  86

View the latest legislative information at the website

VERSIONS OF THIS BILL

3/16/2021
3/31/2021
4/1/2021
4/7/2021
4/8/2021
5/4/2021
5/5/2021

(A86, R105, S675)

AN ACT TO AMEND SECTION 12-37-2460, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX REVENUES FROM CERTAIN AIRCRAFT, SO AS TO CREDIT THE PROCEEDS OF SUCH TAXES TO THE STATE AVIATION FUND; TO AMEND SECTION 55-5-280, RELATING TO THE STATE AVIATION FUND, SO AS TO PHASE IN THE CREDITING OF THE PROPERTY TAX REVENUES FROM AIRCRAFT; AND TO PROVIDE THAT A PORTION OF THE REVENUES COLLECTED MUST BE USED TO OBTAIN OR DEVELOP CERTAIN AIRPORT FACILITIES.

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

Property taxes on aircraft, crediting

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 State Aviation Fund."

State Aviation Fund

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

"(B)(1)     In Fiscal Year 2021-2022, the first one million two hundred fifty thousand dollars in revenue from the tax levied by the State pursuant to Section 12-37-2410, et seq., must be directed to the General Fund of the State. In Fiscal Year 2021-2022, if the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds one million two hundred fifty thousand dollars, the revenues in excess of one million two hundred fifty thousand dollars must be directed to 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."

Airport facilities

SECTION    3.    Revenues collected pursuant to this act and credited to the State Aviation Fund shall be used, in part, to aid counties within the State that do not have an airport facility in obtaining or developing an airport facility through the South Carolina Aeronautics Commission.

Time effective

SECTION    4.    This act takes effect upon approval by the Governor.

Ratified the 18th day of May, 2021.

Approved the 18th day of May, 2021.

This web page was last updated on June 14, 2021 at 9:34 AM