Current Status Bill Number:
136Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19970114Primary Sponsor: McConnellAll Sponsors: McConnellDrafted Document Number: s-resResiding Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Sales tax, maximum imposed; certain construction equipment owned by county for road and drainage maintenance
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19970403 Recommitted to Committee 06 SF Senate 19970220 Committee report: Favorable 06 SF Senate 19970114 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
February 20, 1997
S. Printed 2/20/97--S.
Read the first time January 14, 1997.
To whom was referred a Bill (S. 136), to amend Section 12-36-2110, as amended, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
JOHN DRUMMOND, for Committee.
This Bill would reduce state sales and use tax revenue by approximately $121,000 per fiscal year. Of this total, $96,800 would be a reduction in general fund revenue and $24,200 would be a reduction in EIA Funds.
Based on a survey of the counties, we estimate that approximately thirty self-propelled heavy-duty construction machines are purchased annually, costing approximately $2.6 million.
Burnet R. Maybank, III
S.C. Department of Revenue
TO AMEND SECTION 12-36-2110, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MAXIMUM TAX IMPOSED ON THE SALE OR LEASE OF CERTAIN ITEMS, SO AS TO LIMIT TO THREE HUNDRED DOLLARS THE MAXIMUM SALES TAX WHICH MAY BE IMPOSED UPON SELF-PROPELLED HEAVY-DUTY CONSTRUCTION EQUIPMENT PURCHASED BY A LOCAL POLITICAL SUBDIVISION FOR THE PURPOSE OF CONSTRUCTION OR MAINTENANCE OF ROADS AND DRAINAGE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2110(A) of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:
"(A) The maximum tax imposed by this chapter is three hundred dollars for each sale made after June 30, 1984, or lease executed after August 31, 1985, of each:
(1) aircraft, including unassembled aircraft which is to be assembled by the purchaser, but not items to be added to the unassembled aircraft;
(2) motor vehicle;
(5) trailer or semitrailer, pulled by a truck tractor, as defined in Section 56-3-20, and horse trailers but not including house trailers or campers as defined in Section 56-3-710;
(6) recreational vehicle, including tent campers, travel trailer, park model, park trailer, motor home, and fifth wheel; or
(7) self-propelled light construction equipment with compatible attachments limited to a maximum of one hundred sixty net engine horsepower and self-propelled heavy-duty construction equipment, more than one hundred sixty net engine horsepower, if the heavy-duty construction equipment is purchased by a local political subdivision for the purpose of building or maintaining roads and drainage ditches.
In the case of a lease, the total tax rate required by law applies on each payment until the total tax paid equals three hundred dollars. Nothing in this section prohibits a taxpayer from paying the total tax due at the time of execution of the lease, or with any payment under the lease. To qualify for the tax limitation provided by this section, a lease must be in writing and specifically state the term of, and remain in force for, a period in excess of ninety continuous days."
SECTION 2. This act takes effect upon approval by the Governor.