South Carolina Legislature


Session 108 - (1989-1990)Printer Friendly
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H*3966 (Rat #0178, Act #0116 of 1989) General Bill, By  House Ways and Means
    A Bill to amend Section 12-35-550, as amended, Code of Laws of South Carolina, 1976, relating to sales tax exemptions, so as to exempt the gross proceeds of sales of depreciable assets used in the operation of the business, pursuant to the sale of the business, and provide that this exemption only applies when the entire business is sold by the owner pursuant to a written contract and the purchaser continues the operation of the business.
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04/25/89House Introduced, read first time, placed on calendar without reference HJ-206
05/10/89House Read second time HJ-33
05/11/89House Read third time and sent to Senate HJ-17
05/12/89Senate Introduced, read first time, placed on calendar without reference SJ-9
05/15/89Senate Read second time SJ-9
05/15/89Senate Ordered to third reading with notice of amendments SJ-9
05/16/89Senate Read third time and enrolled SJ-11
05/25/89 Ratified R 178
05/30/89 Signed By Governor
05/30/89 Effective date 05/31/89
05/30/89 Act No. 116
06/09/89 See act for exception to or explanation of effective date
06/09/89 Copies available

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