South Carolina General Assembly
111th Session, 1995-1996

Bill 1032

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       1032
Type of Legislation:               General Bill GB
Introducing Body:                  Senate
Introduced Date:                   19960118
Primary Sponsor:                   Bryan 
All Sponsors:                      Bryan 
Drafted Document Number:           res9867.dj
Companion Bill Number:             4470
Residing Body:                     House
Current Committee:                 Ways and Means Committee 30
                                   HWM
Subject:                           Sales tax fees, certain
                                   exclusions
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

House   19960313  Introduced, read first time,             30 HWM
                  referred to Committee
Senate  19960312  Read third time, sent to House
Senate  19960307  Read second time, notice of
                  general amendments
Senate  19960306  Committee report: Favorable              06 SF
Senate  19960118  Introduced, read first time,             06 SF
                  referred to Committee
View additional legislative information at the LPITS web site.

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

COMMITTEE REPORT

March 6, 1996

S. 1032

Introduced by SENATOR Bryan

S. Printed 3/6/96--S.

Read the first time January 18, 1996.

THE COMMITTEE ON FINANCE

To whom was referred a Bill (S. 1032), to amend Section 12-36-90, as amended, Code of Laws of South Carolina, 1976, relating to the definition of "gross proceeds of sales", etc., respectfully

REPORT:

That they have duly and carefully considered the same, and recommend that the same do pass:

JOHN DRUMMOND, for Committee.

STATEMENT OF ESTIMATED FISCAL IMPACT

This bill would reduce state sales tax revenue by approximately $400,000 per fiscal year. Of this total, approximately $320,000 would be a reduction in General Fund revenue and $80,000 would be a reduction in EIA Funds.

This fiscal impact is based on the $8,000,000 of excise tax collections on motor oil, batteries, and white goods pursuant to the Solid Waste Policy and Management Act of 1991.

Approved By:

Burnet R. Maybank, III

S.C. Department of Revenue

A BILL

TO AMEND SECTION 12-36-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "GROSS PROCEEDS OF SALES" FOR PURPOSES OF THE SOUTH CAROLINA SALES AND USE TAX ACT, SO AS TO EXCLUDE FROM THE DEFINITION FEES IMPOSED ON THE SALE OF MOTOR OIL, NEW TIRES, LEAD-ACID BATTERIES, AND WHITE GOODS PURSUANT TO THE SOUTH CAROLINA SOLID WASTE POLICY AND MANAGEMENT ACT OF 1991.

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

SECTION 1. Section 12-36-90(2) of the 1976 Code, as last amended by Act 497 of 1994, is further amended by adding an appropriately lettered subitem to read:

"( ) fees imposed on the sale of motor oil, new tires, lead-acid batteries, and white goods pursuant to Article 1, Chapter 96 of Title 44, including the refundable deposit when a lead-acid battery core is not returned to a retailer."

SECTION 2. This act takes effect on the first day of the second month following approval by the Governor.

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