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A318, R360, H4320

STATUS INFORMATION

Joint Resolution
Sponsors: Rep. McLeod
Document Path: l:\council\bills\nbd\11868ac03.doc

Introduced in the House on May 28, 2003
Introduced in the Senate on January 14, 2004
Passed by the General Assembly on June 1, 2004
Governor's Action: No signature required

Summary: proposed amendment to the Constitution of South Carolina

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   5/28/2003  House   Introduced and read first time HJ-141
   5/28/2003  House   Referred to Committee on Ways and Means HJ-142
    6/4/2003  House   Recalled from Committee on Ways and Means HJ-56
    6/5/2003          Scrivener's error corrected
   1/13/2004  House   Read second time HJ-121
   1/13/2004  House   Roll call Yeas-114  Nays-0 HJ-123
   1/14/2004  House   Read third time and sent to Senate HJ-16
   1/14/2004  Senate  Introduced and read first time SJ-13
   1/14/2004  Senate  Referred to Committee on Finance SJ-13
   5/19/2004  Senate  Committee report: Favorable Finance SJ-39
   5/20/2004  Senate  Read second time SJ-40
    6/1/2004  Senate  Read third time and enrolled SJ-21
    6/2/2004          Ratified R 360
    6/2/2004          No signature required
    8/4/2004          Copies available
    8/4/2004          Effective date 06/02/04
  10/20/2004          Act No. 318

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

5/28/2003
6/4/2003
6/5/2003
5/19/2004

(A318, R360, H4320)

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE CLASSIFICATION OF PROPERTY AND APPLICABLE ASSESSMENT RATIOS FOR PURPOSES OF PROPERTY TAX, SO AS TO DELETE THE SPECIFIC LIMIT OF TEN SHAREHOLDERS FOR A CORPORATION TO BE ELIGIBLE FOR A FOUR PERCENT ASSESSMENT RATIO ON ITS AGRICULTURAL REAL PROPERTY AND PROVIDE THAT THE GENERAL ASSEMBLY SHALL PROVIDE BY LAW THE MAXIMUM NUMBER OF SHAREHOLDERS FOR A CORPORATION TO BE ELIGIBLE FOR SUCH AN ASSESSMENT RATIO.

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

Proposed constitutional amendment

SECTION    1. It is proposed that Section 1(4)(A)(i), Article X of the Constitution of this State be amended to read:

"(i)    have more shareholders than the General Assembly shall provide by law;"

Statement of the 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 1, Article X of the Constitution of this State relating to the classification of property and applicable assessment ratios for purposes of property tax be amended so as to delete the specific limit of ten shareholders as the most shareholders a corporation may have for it to be eligible for a four percent assessment ratio on its agricultural real property and provide that the General Assembly shall provide by law the maximum number of shareholders a corporation may have to be eligible for the four percent assessment ratio?

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 2nd day of June, 2004.

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