A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FORTY-TWO AND THREE QUARTERS PERCENT OF THE NET DEPRECIATED VALUE OF BUSINESS PERSONAL PROPERTY.

 

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

 

SECTION 1.  Section 12-37-220(B) of the S.C. Code is amended by adding:

 

    (54) forty-two and three quarters percent of the net depreciated value of business personal property.

 

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

----XX----