South Carolina General Assembly
106th Session, 1985-1986

Bill 2070

                    Current Status

Bill Number:               2070
Ratification Number:       30
Act Number:                19
Introducing Body:          House
Subject:                        Ad valorem tax exemption for
                           municipal governing bodies
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A19, R30, H2070)

AN ACT TO RATIFY AN AMENDMENT TO SECTION 3, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY EXEMPT FROM AD VALOREM TAXATION, SO AS TO PERMIT MUNICIPAL GOVERNING BODIES TO EXEMPT FROM MUNICIPAL AD VALOREM TAXATION FOR NOT MORE THAN FIVE YEARS ALL NEW MANUFACTURING ESTABLISHMENTS LOCATED IN ANY OF THE MUNICIPALITIES OF THIS STATE AFTER JULY 1, 1985, AND ALL ADDITIONS TO THE EXISTING MANUFACTURING ESTABLISHMENTS, INCLUDING ADDITIONAL MACHINERY AND EQUIPMENT, LOCATED IN ANY OF THE MUNICIPALITIES COSTING FIFTY THOUSAND DOLLARS OR MORE MADE AFTER JULY 1, 1985, AND TO PROVIDE THAT THE EXEMPTIONS FROM MUNICIPAL TAXATION MAY NOT RESULT IN ANY REFUND OF TAXES.

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

Constitutional amendment ratified

SECTION 1. The amendment to item (g) of Section 3 of Article X of the Constitution of South Carolina, 1895, proposed under the terms of Joint Resolution 519 of 1984, having been submitted to the qualified electors at the general election of 1984 as prescribed in Section 1 of Article XVI of the Constitution of South Carolina, 1895, and a favorable vote having been received thereon, is ratified and declared to be a part of the Constitution, so that item (g) of Section 3 of Article X is amended to read:

"(g) all new manufacturing establishments located in any of the counties of this State after July 1, 1977, for five years from the time of establishment and all additions to the existing manufacturing establishments located in any of the counties of this State for five years from the time each of these additions is made if the cost of the addition is fifty thousand dollars or more. The additions shall include additional machinery and equipment installed in the plant. The exemptions authorized in this item for manufacturing establishments, and additions to those manufacturing establishments, do not include exemptions from school taxes or municipal taxes but include only county taxes. All manufacturing establishments and all additions to existing manufacturing establishments exempt under existing statutes are allowed their exemptions provided for by statute until the exemptions expire. Municipal governing bodies may by ordinance exempt from municipal ad valorem taxation for not more than five years all new manufacturing establishments located in any of the municipalities of this State after July 1, 1985, and all additions to the existing manufacturing establishments, including additional machinery and equipment, located in any of the municipalities of this State costing fifty thousand dollars or more made after July 1, 1985. Exemptions from municipal taxation granted pursuant to this item may not result in any refund of taxes;".