South Carolina General Assembly
113th Session, 1999-2000

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Bill 100


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                      100
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990112
Primary Sponsor:                  McConnell
All Sponsors:                     McConnell, Passailaigue, Ford, Mescher, 
                                  Ravenel, Branton, Grooms, Elliott, Washington, 
                                  Reese, Cork
Drafted Document Number:          l:\council\bills\kgh\15059htc99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax reassessment, counties 
                                  appraisal and equalization program, value 
                                  increase, schedule; Political Subdivisions


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990325  Introduced, read first time,           30 HWM
                  referred to Committee
Senate  19990324  Read third time, sent to House
Senate  19990323  Co-Sponsor added by Senator                    Cork
Senate  19990323  Read second time
Senate  19990318  Recalled from Committee,               06 SF
                  placed on the Calendar
Senate  19990112  Introduced, read first time,           06 SF
                  referred to Committee
Senate  19981118  Prefiled, referred to Committee        06 SF


                             Versions of This Bill
Revised on March 18, 1999 - Word format

View additional legislative information at the LPITS web site.


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

Indicates Matter Stricken

Indicates New Matter

RECALLED

March 18, 1999

S. 100

Introduced by Senators McConnell, Passailaigue, Ford, Mescher, Ravenel, Branton, Grooms, Elliott, Washington and Reese

S. Printed 3/18/99--S.

Read the first time January 12, 1999.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

REVENUE IMPACT1

This joint resolution has no impact on state or local revenues.

Explanation

This bill would allow a county by ordinance to postpone implementing the revised values that result from a countywide reassessment and equalization program for one year. Since the delay is for only one year, it is not expected to alter significantly the relative distribution of the property tax burden.

Approved By:

William C. Gillespie

Board of Economic Advisors

1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact, Section 2-7-76 for a local revenue impact, and Section 6-1-85(B) for an estimate of the shift in local property tax incidence.

A BILL

TO AMEND SECTION 12-43-217, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SCHEDULE OF APPRAISAL AND EQUALIZATION OF THE VALUE OF REAL PROPERTY AND THE IMPLEMENTATION OF THE REVISED VALUES RESULTING FROM THE EQUALIZATION PROGRAM FOR PURPOSES OF PROPERTY TAX, SO AS TO ALLOW A COUNTY BY ORDINANCE TO POSTPONE IMPLEMENTATION FOR NOT MORE THAN ONE PROPERTY TAX YEAR AND TO PROVIDE THAT THIS POSTPONEMENT DOES NOT ALTER THE SCHEDULE OF APPRAISAL AND EQUALIZATION.

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

SECTION 1. Section 12-43-217 of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:

"Section 12-43-217. (A) Notwithstanding any other provision of law, once every fifth year each county or the State shall appraise and equalize those properties under its jurisdiction. Property valuation must be complete at the end of December of the fourth year and the county or State shall notify every taxpayer of any change in value or classification if the change is one thousand dollars or more. In the fifth year, the county or State shall implement the program and assess all property on the newly appraised values.

(B) A county by ordinance may postpone for not more than one property tax year the implementation of revised values resulting from the equalization program provided pursuant to subsection (A). The postponement ordinance applies to all revised values, including values for state-appraised property. The postponement allowed pursuant to this subsection does not affect the schedule of the appraisal and equalization program required pursuant to subsection (A) of this section."

SECTION 2. This act takes effect upon approval by the Governor.

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