Current Status Introducing Body:Senate Bill Number:605 Ratification Number:424 Act Number:527 Primary Sponsor:Hayes Type of Legislation:JR Subject:Property tax exemption, new corporate headquarters Date Bill Passed both Bodies:19940427 Computer Document Number:JIC/5708HC.93 Introduced Date:19930330 Governor's Action:U Signature of Governor not required Last History Body:------ Last History Date:19940504 Last History Type:Signature of Governor not required Scope of Legislation:Local All Sponsors:Hayes Type of Legislation:Joint Resolution
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
605 ------ 19950103 Act No. 527
605 ------ 19940504 Signature of Governor not
required
605 ------ 19940504 Ratified R 424
605 House 19940427 Read third time, enrolled for
ratification
605 House 19940426 Read second time
605 House 19940406 Committee Report: Favorable 30
605 House 19940126 Introduced, read first time, 30
referred to Committee
605 Senate 19940125 Read third time, sent to House
605 Senate 19940120 Read second time
605 Senate 19940119 Committee Report: Favorable 06
605 Senate 19930330 Introduced, read first time, 06
referred to Committee
View additional legislative information at the LPITS web site.
(A527, R424, S605)
A JOINT RESOLUTION PROPOSING 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 A MUNICIPAL GOVERNING BODY TO EXEMPT FROM MUNICIPAL AD VALOREM TAXES FOR NOT MORE THAN FIVE YEARS ALL NEW CORPORATE HEADQUARTERS, CORPORATE OFFICE FACILITIES, DISTRIBUTION FACILITIES, AND ADDITIONS TO SUCH FACILITIES LOCATED IN THE MUNICIPALITY, AND TO AUTHORIZE A SIMILAR EXEMPTION FOR ALL NEW ENTERPRISES ENGAGED IN RESEARCH AND DEVELOPMENT ACTIVITIES AND ADDITIONS TO SUCH ENTERPRISES LOCATED IN THE MUNICIPALITY AND TO PROVIDE THAT THESE EXEMPTIONS ARE SUBJECT TO THOSE TERMS AND CONDITIONS THAT THE GENERAL ASSEMBLY MAY PROVIDE BY LAW.
Be it enacted by the General Assembly of the State of South Carolina:
Abatement authorized
SECTION 1. Item (g) of Section 3 of Article X of the Constitution of this State is amended by adding at the end:
"The governing body of a municipality may by ordinance exempt from municipal ad valorem taxation for not more than five years:
(1) all new corporate headquarters, corporate office facilities, distribution facilities located in the municipality, and additions to such facilities; and
(2) all facilities of new enterprises engaged in research and development activities located in the municipality, and additions to such facilities.
The exemptions allowed pursuant to this paragraph are subject to those terms and conditions that the General Assembly may provide by law."
Question
SECTION 2. The proposed amendment must be submitted to the qualified electors at the next general election for representatives. Ballots must be provided at the various voting precincts with the following words printed or written on the ballot:
"Must Section 3 of Article X of the Constitution of this State be amended so as to permit a municipal governing body to exempt from municipal ad valorem taxation for not more than five years all new corporate headquarters, corporate office facilities, or distribution facilities, and additions to such facilities located in the municipality and to permit a similar exemption for all facilities of new enterprises engaged in research and development activities and additions to such facilities located in the municipality and to provide that these exemptions are subject to the terms and conditions the General Assembly may provide by law?
Those voting in favor of the question shall deposit a ballot with a check or cross mark in the square after the word `Yes', and those voting against the question shall deposit a ballot with a check or cross mark in the square after the word `No'."
Ratified the 4th day of May, 1994.