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H. 3762

STATUS INFORMATION

General Bill
Sponsors: Reps. Herbkersman, Agnew, Bingham, Ceips, Cobb-Hunter, Cooper, Funderburk, Gambrell, Harvin, Hayes, Hinson, Jennings, Merrill, J.H. Neal, Ott and White
Document Path: l:\council\bills\bbm\9895htc07.doc

Introduced in the House on March 21, 2007
Introduced in the Senate on April 17, 2007
Currently residing in the Senate Committee on Finance

Summary: Sales and use tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/21/2007  House   Introduced and read first time HJ-51
   3/21/2007  House   Referred to Committee on Ways and Means HJ-52
   4/11/2007  House   Recalled from Committee on Ways and Means HJ-24
   4/12/2007  House   Read second time HJ-16
   4/12/2007  House   Unanimous consent for third reading on next legislative 
                        day HJ-17
   4/13/2007  House   Read third time and sent to Senate HJ-2
   4/17/2007  Senate  Introduced and read first time SJ-10
   4/17/2007  Senate  Referred to Committee on Finance SJ-10

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/21/2007
4/11/2007

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RECALLED

April 11, 2007

H. 3762

Introduced by Reps. Herbkersman, Agnew, Bingham, Ceips, Cobb-Hunter, Cooper, Funderburk, Gambrell, Harvin, Hayes, Hinson, Jennings, Merrill, J.H. Neal, Ott and White

S. Printed 4/11/07--H.

Read the first time March 21, 2007.

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-155 SO AS TO ESTABLISH AN ACCOUNT IN THE STATE TREASURY CONSISTING OF SALES AND USE TAX REVENUES ATTRIBUTABLE TO THE DELETION OF AN EXEMPTION AND TO PROVIDE THAT THIS REVENUE MUST BE DISTRIBUTED UPON APPLICATION TO COASTAL MUNICIPALITIES AND COUNTIES AND USED TO MAINTAIN SALT WATER QUALITY IN SAA WATERS NEAR CHANNELS USED BY SHIPS IN INTERCOASTAL TRADE AND FOREIGN COMMERCE; AND TO AMEND SECTION 12-36-2120, AS AMENDED, RELATING TO SALES AND USE TAX EXEMPTIONS, SO AS TO DELETE THE EXEMPTION FOR FUEL, LUBRICANTS, AND SUPPLIES USED ON SHIPS IN INTERCOASTAL TRADE OR FOREIGN COMMERCE.

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

SECTION    1.    Article 1, Chapter 1, Title 6 of the 1976 Code is amended by adding:

"Section 6-1-155.    Notwithstanding any other provision of law providing for the use of sales and use tax revenues, all such revenue attributable to the deletion of the exemption formerly allowed pursuant to Section 12-36-2120(13) must be segregated and maintained in a special account in the State Treasury, the proceeds of which must be distributed upon application to coastal counties and municipalities and used only to maintain salt water quality in SAA waters near channels used for intercoastal trade and foreign commerce."

SECTION    2.    Section 12-36-2120(13) of the 1976 Code is amended to read:

"(13)    fuel, lubricants, and supplies for use or consumption aboard ships in intercoastal trade or foreign commerce. This exemption does not exempt or exclude from the tax the sale of materials and supplies used in fulfilling a contract for the painting, repair, or reconditioning of ships and other watercraft; RESERVED"

SECTION    3.    This act takes effect July 1, 2007.

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