Current Status Bill Number:
3727Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19970326Primary Sponsor: CromerAll Sponsors: Cromer, Altman, G. Brown, Seithel, Jennings, J. Hines, Rodgers, Parks, Baxley, Whipper, Bailey, Easterday, Koon, T. Brown, Battle, McCraw, Clyburn, Hamilton, M. Hines, McMahand, Neal, Miller, Rhoad, Campsen, Byrd, Gamble, Gourdine, Breeland, Mack, Leach, D. Smith, Fleming, Canty, Harrison, Young-Brickell, Bowers, Moody-Lawrence, Meacham, Bauer, J. Brown, Barrett, Inabinett, Lloyd, Tripp, Cave, Carnell, McKay, Woodrum, Klauber, Simrill, Harvin, Pinckney, Riser and JordanDrafted Document Number: dka\4144mm.97Residing Body: HouseCurrent Committee: Ways and Means Committee 30 HWMSubject: Sales and use tax exemption, consumer leases when motor vehicle purchased under certain circumstances; Taxation
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19970326 Introduced, read first time, 30 HWM referred to CommitteeView additional legislative information at the LPITS web site.
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 SALES AND USE TAX, SO AS TO PROVIDE FOR AN EXEMPTION FOR CONSUMER AUTOMOBILE LEASES WHEN THE AUTOMOBILE IS PURCHASED UNDER CERTAIN CIRCUMSTANCES.
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 431 of 1996, is further amended by adding:
"(h) the purchase price paid at the end of the term of a consumer automobile lease if the sales tax has already been paid on the lease pursuant to this chapter."
SECTION 2. This act takes effect upon approval by the Governor.