South Carolina General Assembly
111th Session, 1995-1996

Bill 3665

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       3665
Type of Legislation:               General Bill GB
Introducing Body:                  House
Introduced Date:                   19950223
Primary Sponsor:                   Gamble, 
All Sponsors:                      Gamble, Cato, Worley, G. Brown
                                   and L. Whipper 
Drafted Document Number:           PFM\7198BDW.95
Residing Body:                     Senate
Current Committee:                 Finance Committee 06 SF
Subject:                           Consumer leases for motor
                                   vehicles
History


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   19950323  Objection by Representative                      Waldrop
House   19950322  Committee report: Favorable              26 HLCI
House   19950223  Introduced, read first time,             26 HLCI
                  referred to Committee
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

COMMITTEE REPORT

March 22, 1995

H. 3665

Introduced by REPS. Gamble, Cato, Worley, G. Brown and L. Whipper

S. Printed 3/22/95--H.

Read the first time February 23, 1995.

THE COMMITTEE ON

LABOR, COMMERCE AND INDUSTRY

To whom was referred a Bill (H. 3665), to amend the Code of Laws of South Carolina, 1976, by adding Section 12-36-933, etc., respectfully

REPORT:

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

HARRY F. CATO, for Committee.

STATEMENT OF ESTIMATED FISCAL IMPACT

1. Estimated Cost to State-First Year$-0-

2. Estimated Cost to State-Annually Thereafter$-0-

The proposed House Bill 3665 would amend the South Carolina Code of Laws, 1976, to exempt consumers entering an automobile lease agreement from paying the sales tax twice.

The Department of Revenue indicates this legislation would have no administrative impact on the department upon enactment.

Prepared By: Approved By:

Frances H. Barr George N. Dorn, Jr.

State Budget Analyst Director, Office of State Budget

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-36-933 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 12-36-933. When a person enters a consumer lease to lease an automobile and pays the sales tax pursuant to this article, he is not required to pay the sales tax again if the automobile is purchased at the end of the term of the lease."

SECTION 2. This act takes effect upon approval by the Governor.

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