Current Status Introducing Body:Senate Bill Number:1113 Primary Sponsor:Rose Committee Number:06 Type of Legislation:GB Subject:Sales and use tax, local ordinance by referendum Residing Body:Senate Current Committee:Finance Computer Document Number:JIC/5962.HC Introduced Date:Jan 14, 1992 Last History Body:Senate Last History Date:Jan 14, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rose Type of Legislation:General Bill
Bill Body Date Action Description CMN
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1113 Senate Jan 14, 1992 Introduced, read first time, 06
referred to Committee
1113 Senate Dec 02, 1991 Prefiled, referred to 06
Committee
View additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 4-10-32 SO AS TO PROVIDE THAT A COUNTY GOVERNING BODY IN THE ORDINANCE SETTING A REFERENDUM ON THE LOCAL SALES AND USE TAX MAY PROVIDE THAT DISTRIBUTIONS TO THE COUNTY FROM THE COUNTY/MUNICIPAL REVENUE FUND MUST BE USED TO PROVIDE ADDITIONAL PROPERTY TAX CREDITS AND TO PROVIDE THAT THE ADDITIONAL CREDIT MAY NOT BE REDUCED EXCEPT BY REFERENDUM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 10, Title 4 of the 1976 Code is amended by adding:
"Section 4-10-32. In an ordinance to set the referendum provided pursuant to Section 4-10-30, the governing body of the county may provide that if the local sales and use tax is approved and implemented in the county, a specific percentage of distributions due the county from the County/Municipal Revenue Fund must be used to provide an additional property tax credit calculated in the same manner as the credit required for distributions to the county from the Property Tax Credit Fund. The percentage of additional property tax credit provided in the ordinance may not be reduced while the local sales and use tax is implemented in the county unless a reduction is approved by the qualified electors of the county in a referendum called by the governing body of the county for that purpose."
SECTION 2. This act takes effect upon approval by the Governor.