Current Status Bill Number:
3117Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950110Primary Sponsor: CatoAll Sponsors: Cato, Riser, ElliottDrafted Document Number: PFM\7040BDW.95Residing Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Motor vehicle consumer leases
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19950328 Introduced, read first time, 06 SF referred to Committee House 19950324 Read third time, sent to Senate House 19950323 Unanimous consent for third reading on the next Legislative day House 19950323 Read second time House 19950322 Committee report: Favorable 26 HLCI House 19950110 Introduced, read first time, 26 HLCI referred to Committee House 19941214 Prefiled, referred to Committee 26 HLCIView additional legislative information at the LPITS web site.
March 22, 1995
S. Printed 3/22/95--H.
Read the first time January 10, 1995.
To whom was referred a Bill (H. 3117), to amend the Code of Laws of South Carolina, 1976, by adding Section 12-36-935, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
HARRY F. CATO, 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.