Staff Analysis of the Legislation
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03.26.2024 The House Ways and Means Property Tax subcommittee gave this bill a favorable report. Later in the day on Tuesday, the full House Ways and Means Committee gave this bill a favorable report.
Summary of the bill as introduced: Exempts a portion of the value of aircraft or an airline company from property taxes. |
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H 5310 General Bill, By Murphy, G.M. Smith, Bannister, Brewer, Caskey, Gatch, Guest, J.E. Johnson, Mitchell, W. Newton, Robbins, Rose, Rutherford, Sandifer, Stavrinakis, West and Whitmire
Summary: aircraft A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS SO AS TO EXEMPT A PORTION OF THE VALUE OF AIRCRAFT OF AN AIRLINE COMPANY; AND BY AMENDING SECTION 12-37-2440, RELATING TO THE VALUATION OF AIRCRAFT, SO AS TO SPECIFY THE MANNER IN WHICH TIME ON THE GROUND IS CALCULATED. View full text View Fiscal Impact
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