South Carolina General Assembly
114th Session, 2001-2002

Download This Version in Microsoft Word format

Bill 198

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)


COMMITTEE REPORT

January 31, 2001

    S. 198

Introduced by Senators Leatherman, Leventis, Martin, Giese, Mescher, McConnell, Courson, J. Verne Smith, Thomas and Verdin

S. Printed 1/31/01--S.    [SEC 2/1/01 3:26 PM]

Read the first time January 24, 2001.

            

THE COMMITTEE ON FINANCE

    To whom was referred a Bill (S. 198) to ratify an amendment to Section 3, Article X of the Constitution of South Carolina, 1895, relating to property tax exemptions, so as to allow the governing body of a county to impose a sales and use tax to exempt, etc., respectfully

REPORT:

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

HUGH K. LEATHERMAN, SR., for Committee.

            

A BILL

TO RATIFY AN AMENDMENT TO SECTION 3, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO ALLOW THE GOVERNING BODY OF A COUNTY TO IMPOSE A SALES AND USE TAX TO EXEMPT PRIVATE PASSENGER MOTOR VEHICLES, MOTORCYCLES, GENERAL AVIATION AIRCRAFT, BOATS, AND BOAT MOTORS FROM PROPERTY TAX LEVIED IN THE COUNTY AND TO ALLOW THIS EXEMPTION ONLY PURSUANT TO A REFERENDUM HELD IN THE COUNTY IN THE MANNER THAT THE GENERAL ASSEMBLY PROVIDES BY LAW.

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

SECTION    1.    The amendment to Section 3, Article X of the Constitution of South Carolina, 1895, prepared under the terms of a joint resolution of 2000, bearing ratification number 469, having been submitted to the qualified electors of the General Election of 2000 as prescribed in Section 1, Article XVI of the Constitution of South Carolina, 1895, and a favorable vote having been received on the amendment, is ratified and declared to be a part of the Constitution so that Section 3, Article X is amended by adding a new paragraph at the end which reads:

    "In addition to the exemptions provided and authorized in this section, subject to statutory authorization, the governing body of a county by ordinance may impose a sales and use tax in order to exempt all or a portion of the value of private passenger motor vehicles, motorcycles, general aviation aircraft, boats, and boat motors from property taxes levied in the county. This exemption, or its subsequent rescission, is allowed only pursuant to a referendum held in the county in the manner that the General Assembly provides by law."

----XX----

This web page was last updated on Thursday, June 25, 2009 at 2:08 P.M.