2017-2018 Bill 4452: Definitions - South Carolina Legislature Online

South Carolina General Assembly

122nd Session, 2017-2018

H. 4452

STATUS INFORMATION

General Bill

Sponsors: Reps. McCravy and Pitts

Document Path: l:\council\bills\bbm\9710dg18.docx

Introduced in the House on January 9, 2018

Currently residing in the House Committee on Ways and Means

Summary: Definitions

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number

12/13/2017 House Prefiled

12/13/2017 House Referred to Committee on Ways and Means

1/9/2018 House Introduced and read first time (House Journalpage118)

1/9/2018 House Referred to Committee on Ways and Means (House Journalpage118)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/13/2017

A BILL

TO AMEND SECTION 123660, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF TANGIBLE PERSONAL PROPERTY, SO AS TO EXCLUDE FROM THE DEFINITION THE RENTAL OR LEASE OF PROPERTY IF THE PROPERTY MUST BE SERVICED TO REMAIN SANITARY FOR THE INTENDED USE OF THE PROPERTY, AND THE LESSOR WOULD NOT RENT OR LEASE THE PROPERTY UNLESS THE LESSEE AGREES TO THE LESSOR SERVICING THE PROPERTY.

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

SECTION 1. Section 123660 of the 1976 Code is amended to read:

“Section 123660. ‘Tangible personal property’ means personal property which may be seen, weighed, measured, felt, touched, or which is in any other manner perceptible to the senses. It also includes services and intangibles, including communications, laundry and related services, furnishing of accommodations and sales of electricity, the sale or use of which is subject to tax under this chapter and does not include stocks, notes, bonds, mortgages, or other evidences of debt. Tangible personal property does not include the transmission of computer database information by a cooperative service when the database information has been assembled by and for the exclusive use of the members of the cooperative service. Tangible personal property does not include the rental or lease of tangible personal property if the property must be serviced to remain sanitary for the intended use of the property, and the lessor would not rent or lease the property unless the lessee agrees to the lessor servicing the property.”

SECTION 2. This act takes effect upon approval by the Governor and applies for all such rentals or leases executed on or after this date, and it applies retroactively to all such rentals or leases in any period remaining open by law or agreement for assessment of taxes as of the date the Governor approves this act.

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