South Carolina General Assembly
119th Session, 2011-2012

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Indicates Matter Stricken
Indicates New Matter

S. 844

STATUS INFORMATION

General Bill
Sponsors: Senators Land, Grooms, Campbell, Matthews, Leventis and McGill
Document Path: l:\council\bills\bbm\10186htc11.docx

Introduced in the Senate on April 26, 2011
Introduced in the House on April 28, 2011
Currently residing in the House Committee on Ways and Means

Summary: Property tax exemptions

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/26/2011  Senate  Introduced, read first time, placed on calendar without 
                        reference (Senate Journal-page 5)
   4/27/2011  Senate  Read second time (Senate Journal-page 25)
   4/27/2011  Senate  Roll call Ayes-31  Nays-3 (Senate Journal-page 25)
   4/28/2011  Senate  Read third time and sent to House 
                        (Senate Journal-page 16)
   4/28/2011  House   Introduced and read first time (House Journal-page 52)
   4/28/2011  House   Referred to Committee on Ways and Means 
                        (House Journal-page 52)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/26/2011
4/26/2011-A

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

INTRODUCED

April 26, 2011

S. 844

Introduced by Senators Land, Grooms, Campbell, Matthews, Leventis and McGill

S. Printed 4/26/11--S.

Read the first time April 26, 2011.

            

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FROM PROPERTY TAX ALL LEASEHOLD INTERESTS IN REAL PROPERTY OWNED BY THE SOUTH CAROLINA PUBLIC SERVICE AUTHORITY.

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

SECTION    1.    Section 12-37-220(B) of the 1976 Code, as last amended by Act 264 of 2010, is further amended by adding a new item at the end appropriately numbered to read:

"( )    Notwithstanding the provisions of Section 12-37-950, a leasehold interest conveyed by the South Carolina Public Service Authority, regardless of the use made of the leasehold interest. The exemption allowed by this item extends to that leasehold interest, if subsequently assigned, if the leasehold agreement allows assignment."

SECTION    2.    This act takes effect upon approval by the Governor.

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