South Carolina General Assembly
110th Session, 1993-1994

Bill 4973


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Introducing Body:               House
Bill Number:                    4973
Primary Sponsor:                Cato
Committee Number:               26
Type of Legislation:            GB
Subject:                        Consumer leases for motor
                                vehicles
Residing Body:                  House
Computer Document Number:       NO5/7643BDW.94
Introduced Date:                19940324
Last History Body:              House
Last History Date:              19940510
Last History Type:              Recommitted to Committee
Scope of Legislation:           Statewide
All Sponsors:                   Cato
Type of Legislation:            General Bill



History


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 Committee

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

COMMITTEE REPORT

April 21, 1994

H. 4973

Introduced by REP. Cato

S. Printed 4/21/94--H.

Read the first time March 24, 1994.

THE COMMITTEE ON

LABOR, COMMERCE AND INDUSTRY

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

REPORT:

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.

A BILL

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.

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