South Carolina General Assembly
109th Session, 1991-1992

Bill 1135


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Introducing Body:               Senate
Bill Number:                    1135
Primary Sponsor:                Moore
Committee Number:               06
Type of Legislation:            GB
Subject:                        Property tax classification
Residing Body:                  Senate
Current Committee:              Finance
Computer Document Number:       JIC/5996.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:                   Moore
Type of Legislation:            General Bill



History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 1135  Senate  Jan 14, 1992  Introduced, read first time,    06
                             referred to Committee

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CLASSIFICATION OF PROPERTY AND ASSESSMENT RATIOS FOR PURPOSES OF AD VALOREM TAXES, SO AS TO REQUIRE THE COUNTY ASSESSOR TO NOTIFY THE OFFICIAL IMPLEMENTING THE RECORDING ACT IN THE COUNTY OF PROPERTY WHICH QUALIFIES FOR AGRICULTURAL USE VALUATION AND TO REQUIRE THE OFFICIAL TO NOTE ON THE RECORDED DEED THAT THE PROPERTY IS RECEIVING AGRICULTURAL USE VALUATION AND A CHANGE IN USE CREATES A ROLLBACK TAX LIABILITY.

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

SECTION 1. Section 12-43-220(d)(4) is amended by adding at the end:

"The county assessor shall notify the official charged with implementing the recording act in the county of property qualifying for agricultural use valuation. The official shall cause to be noted on the appropriate recorded deed that the property is receiving agricultural use valuation and a change in use creates a rollback tax liability."

SECTION 2. This act takes effect July 1, 1992, and applies with respect to deeds recorded after June 30, 1992.

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