Bill Text: SC H4053 | 2011-2012 | 119th General Assembly | Introduced

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Bill Title: Sales and Use tax exemptions

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2012-02-01 - Member(s) request name added as sponsor: Battle [H4053 Detail]

Download: South_Carolina-2011-H4053-Introduced.html

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A BILL

TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM THE STATE SALES TAX, SO AS TO INCLUDE THE GROSS PROCEEDS OF SALES OR THE SALES PRICE OF ANY DEVICE, EQUIPMENT, OR MACHINERY ACTUALLY USED IN THE PRODUCTION OF ELECTRIC OR HYBRID MOTOR VEHICLES.

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

SECTION    1.    Section 12-36-2120 of the 1976 Code, as last amended by Act 280 of 2010, is further amended by adding an appropriately numbered item at the end to read:

"( )    any device, equipment, or machinery actually used in the production of electric or hybrid motor vehicles, whether or not the purchases of these items are capitalized or expensed."

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