Current Status Introducing Body:
HouseBill Number: 4973Primary Sponsor: CatoCommittee Number: 26Type of Legislation: GBSubject: Consumer leases for motor vehiclesResiding Body: HouseComputer Document Number: NO5/7643BDW.94Introduced Date: 19940324Last History Body: HouseLast History Date: 19940510Last History Type: Recommitted to CommitteeScope of Legislation: StatewideAll Sponsors: CatoType of Legislation: General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 4973 House 19940510 Recommitted to Committee 26 4973 House 19940505 Debate adjourned until Tuesday, 19940510 4973 House 19940421 Committee Report: Favorable 26 with amendment 4973 House 19940324 Introduced, read first time, 26 referred to CommitteeView additional legislative information at the LPITS web site.
April 21, 1994
S. Printed 4/21/94--H.
Read the first time March 24, 1994.
To whom was referred a Bill (H. 4973), to amend the Code of Laws of South Carolina, 1976, by adding Section 12-36-935 so as to provide requirements for consumer leases for automobiles, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass with amendment:
Amend the bill, as and if amended, by striking Section 12-36-935, beginning on line 20, and inserting:
/Section 12-36-935. When a person enters a consumer lease to lease an automobile and pays the sales tax pursuant to this article, the person is not required to pay the sales tax again if the automobile is purchased at the end of the term of the lease./
Amend title to conform.
THOMAS C. ALEXANDER, for Committee.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-935 SO AS TO PROVIDE REQUIREMENTS FOR CONSUMER LEASES FOR AUTOMOBILES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 12-36-935. When a person enters a consumer lease to lease an automobile and pays the sales tax pursuant to this article, the lessor shall inform the consumer that if the automobile is purchased at the end of the term of the lease, the consumer shall pay the sales tax again at the end of the term."
SECTION 2. This act takes effect upon approval by the Governor.