South Carolina General Assembly
111th Session, 1995-1996

Bill 3710

                    Current Status

Bill Number:                    3710
Ratification Number:            421
Act Number:                     346
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19950301
Primary Sponsor:                Keyserling
All Sponsors:                   Keyserling, Richardson, Seithel,
                                L. Whipper, Whatley and Jaskwhich 
Drafted Document Number:        JIC\5437HTC.95
Companion Bill Number:          644
Date Bill Passed both Bodies:   19960515
Date of Last Amendment:         19960425
Governor's Action:              S
Date of Governor's Action:      19960529
Subject:                        Sales tax exempt, recycling
                                machinery
History



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

------  19960606  Act No. A346
------  19960529  Signed by Governor
------  19960523  Ratified R421
House   19960515  Concurred in Senate amendment, 
                  enrolled for ratification
Senate  19960509  Read third time, returned to House
                  with amendment
Senate  19960425  Amended, read second time, 
                  ordered to third reading 
                  with notice of general amendments
Senate  19960424  Committee report: Favorable with         06 SF
                  amendment
Senate  19950505  Introduced, read first time,             06 SF
                  referred to Committee
House   19950504  Read third time, sent to Senate
House   19950503  Read second time
House   19950426  Committee report: Favorable              30 HWM
House   19950301  Introduced, read first time,             30 HWM
                  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.)

(A346, R421, H3710)

AN ACT TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO EXTEND THE EXEMPTION ALLOWED MANUFACTURING MACHINERY TO MACHINERY USED FOR RECYCLING OVER TWO FISCAL YEARS BEGINNING JULY 1, 1997, AND TO DEFINE "RECYCLING".

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

Exemption phased in

SECTION 1. Section 12-36-2120(17) of the 1976 Code, as added by Act 612 of 1990, is amended to read:

"(17) machines used in manufacturing, processing, recycling, compounding, mining, or quarrying tangible personal property for sale. `Machines' include the parts of machines, attachments, and replacements used, or manufactured for use, on or in the operation of the machines and which are necessary to the operation of the machines and are customarily so used. This exemption does not include automobiles or trucks. As used in this item `recycling' means any process by which materials which would otherwise become solid waste are collected, separated, or processed and reused, or returned to use in the form of raw materials or products, including composting, for sale. However, in applying this exemption to machines used in recycling, the following percentage of the gross proceeds of sale, or sales price of, machines used in recycling are exempt from the taxes imposed by this chapter:

Fiscal Year of Sale Percentage

Fiscal year 1997-98 fifty percent

After June 30, 1998 one hundred percent;"

Time effective

SECTION 2. This act takes effect July 1, 1997.

Approved the 29th day of May, 1996.