Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
H. 3706
STATUS INFORMATION
General Bill
Sponsors: Reps. Hiott, McCabe, Bradley, Herbkersman, Erickson, W. Newton and Carter
Document Path: l:\council\bills\nbd\11151dg21.docx
Companion/Similar bill(s): 360, 675
Introduced in the House on January 26, 2021
Currently residing in the House Committee on Ways and Means
Summary: Airlines, crediting property tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
-------------------------------------------------------------------------------
1/26/2021 House Introduced and read first time (House Journal-page 8)
1/26/2021 House Referred to Committee on Ways and Means
(House Journal-page 8)
1/27/2021 House Member(s) request name added as sponsor: McCabe
3/9/2021 House Member(s) request name added as sponsor: Bradley,
Herbkersman, Erickson, W.Newton
3/17/2021 House Member(s) request name added as sponsor: Carter
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-37-2460, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CREDITING PROPERTY TAXES ON AIRLINES, SO AS TO CREDIT THE PROCEEDS OF TAXES TO THE STATE AVIATION FUND; AND TO AMEND SECTION 55-5-280, RELATING TO THE STATE AVIATION FUND, SO AS TO PHASE-IN THE CREDITING OF THE PROCEEDS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-2460 of the 1976 Code is amended to read:
"Section 12-37-2460. Subject to Section 55-5-280, the proceeds collected under this article shall be paid into the general fund of the State Aviation Fund."
SECTION 2. Section 55-5-280(B) of the 1976 Code is amended to read:
"(B)(1) In any Fiscal Year in which 2021-2022, if the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds two and one-half one million two hundred fifty thousand dollars, the revenues in excess of two and one-half one million two hundred fifty thousand dollars must be directed to the State Aviation Fund; however, any revenue in excess of five million dollars must be credited in equal amounts to the general fund and the State Aviation Fund.
(2) In any fiscal year after 2021-2022, the revenues from the tax levied by the State pursuant to Section 12-37-2410, et seq., must be credited to the State Aviation Fund."
SECTION 3. This act takes effect upon approval by the Governor.
This web page was last updated on
March 17, 2021 at 10:29 AM