Current StatusView additional legislative information at the LPITS web site.Bill Number: 990 Ratification Number: 496 Act Number 426 Introducing Body: Senate Subject: Exemption from ad valorem taxation
(A426, R496, S990)
AN ACT TO AMEND SECTION 12-37-220, CODE OF LAWS OF SOUTH CAROLINA, 1976, AS AMENDED, RELATING TO PROPERTY EXEMPT FROM AD VALOREM TAXATION, SO AS TO FURTHER DEFINE FACILITIES AND EQUIPMENT OF INDUSTRIAL PLANTS EXEMPTED UNDER THE SECTION AND PROVIDE FOR EVALUATION OF EXEMPT INTERIOR AIR AND NOISE POLLUTION CONTROL FACILITIES.
Be it enacted by the General Assembly of the State of South Carolina:
Exemption from ad valorem taxation
Section 1. Item (8) of subsection A of Section 12-37-220 of the 1976 Code is amended to read:
"(8) all facilities or equipment of industrial plants which are designed for the elimination, mitigation, prevention, treatment, abatement or control of water, air or noise pollution; provided, that at the request of the Tax Commission the Department of Health and Environmental Control shall investigate the property of any manufacturer or company in the State to determine the portion of the property of the manufacturer or company that qualifies as a pollution control facility. Upon investigation of the property of the manufacturer or company the Department shall furnish the Commission with a detailed listing of the property of the manufacturer or company that qualifies as a pollution control facility. Provided, further, that when facilities or equipment are installed or constructed specifically to improve or maintain the quality of the air or abate noise inside an industrial plant, the Department of Labor, at the request of the Commission, shall conduct the necessary investigations and furnish the Commission with listings of property which qualify as air or noise pollution control facilities for the protection of the health and safety of employees at the industrial plant concerned;".
Applicability
Section 2. The provisions of item (8) of subsection A of Section 12-37-220, as amended by Section 1 of this act, shall apply only to facilities or equipment installed after the effective date of this act.
Time effective
Section 3. This act shall take effect upon approval by the Governor.