Taxation on boats

Amend The South Carolina Code Of Laws By Amending Article 1 Of Chapter 23, Title 50, Section 50-23-345, And Section 50-23-375, All Relating To The Titling Of Watercraft And Outboard Motors, So As To Provide For Regulations On Watercraft And Outboard Motors; By Amending Section 12-37-3210, Relating To Tax Notices For Boats And Boat Motors, So As To Make A Conforming Change; By Amending Section 50-23-370, Relating To Watercraft Certificates, So As To Make A Conforming Change; By Amending Section 12-37-220, Relating To Property Tax Exemptions, So As To Provide A Property Tax Exemption For 42.8571 Percent Of The Fair Market Value Of Watercraft; To Amend Section 50-23-425, Relating To The Denial Of Renewal Of Registration, So As To Include Outboard Motors; By Adding Sections 50-23-430, 50-23-440, 50-23-450, 50-23-460, 50-23-470, And 50-23-480 All So As To Provide For Registration Of Outboard Motors; By Repealing Sections 50-23-350 And 50-23-380 Relating To The Issuance Of Certificates Of Number By Agents And The Transfer Of Registration Upon Change Of Ownership, Respectively; By Amending Section 50-23-320, Relating To The Numbering Of Vessel Exceptions, So As To Provide An Exception For A Vessel Covered By A Federally Approved Numbering System Of Another State; By Amending Section 50-21-10, Relating To Watercraft Definitions, So As To Amend The Definition Of "outboard Motor"; By Amending Section 12-37-220, Relating To Watercraft And Motors Property Tax Exemptions, So As To Remove Motors From The Exemption; By Amending Section 12-37-714, Relating To Boats With Situs In This State, So As To Remove References To Boat Motors; By Amending Section 12-37-3200, Relating To The Tax Year For Boats, So As To Remove References To Boat Motors; By Amending Section 12-37-3220, Relating To Property Tax Returns For Boats, So As To Provide For Certain Property Tax Returns; By Amending Section 12-37-3230, Relating To The Assessed Value Of Boats, So As To Provide For The Assessment Of Boats And Watercraft And Any Affixed Outboard Motors As A Single Unit; And By Amending Section 12-37-3240, Relating To Exemptions From Boat And Watercraft Tax, So As To Remove A Reference To Boat Motors. - Ratified Title