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H 4387 - Exempts rental property from the business license tax if it is rented by a business owned by the same owner or owners

Tracking Level: Priority
Sponsor: Wallace Jordan
Last Action: 5/13/2021 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Business LicenseNext Bill
Business LicensingNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Exempts rental property from the business license tax if it is rented by a business owned by the same owner or owners.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 4387 General Bill, By Jordan, Lowe, Crawford, Sandifer, G.M. Smith, Murphy, J.E. Johnson, B. Newton, Fry, W. Newton, Finlay, Hewitt, Bailey, Ligon, Bradley, Erickson, Burns, Chumley, Allison, Nutt, Magnuson, Hyde, Elliott, Huggins, McCravy, Collins, Carter, Ballentine, Herbkersman, Hiott, Hixon, Lucas, Morgan, D.C. Moss and Willis
Summary: Business License Tax
    A BILL TO AMEND SECTION 6-1-400, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE BUSINESS LICENSE TAX, SO AS TO PROHIBIT A TAXING JURISDICTION FROM SUBJECTING CERTAIN PROPERTY TO DOUBLE TAXATION.
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05/13/21House Introduced and read first time (House Journal-page 18)
05/13/21House Referred to Committee on Ways and Means (House Journal-page 18)



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