South Carolina General Assembly
119th Session, 2011-2012

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H. 3063

STATUS INFORMATION

General Bill
Sponsors: Rep. Merrill
Document Path: l:\council\bills\nbd\11047sd11.docx

Introduced in the House on January 11, 2011
Introduced in the Senate on April 14, 2011
Currently residing in the Senate Committee on Finance

Summary: Ad valorem tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/7/2010  House   Prefiled
   12/7/2010  House   Referred to Committee on Ways and Means
   1/11/2011  House   Introduced and read first time (House Journal-page 29)
   1/11/2011  House   Referred to Committee on Ways and Means 
                        (House Journal-page 29)
    4/6/2011  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 61)
   4/13/2011  House   Read second time (House Journal-page 69)
   4/13/2011  House   Roll call Yeas-94  Nays-0 (House Journal-page 69)
   4/14/2011  House   Read third time and sent to Senate 
                        (House Journal-page 12)
   4/14/2011  Senate  Introduced and read first time (Senate Journal-page 8)
   4/14/2011  Senate  Referred to Committee on Finance (Senate Journal-page 8)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/7/2010
4/6/2011

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

COMMITTEE REPORT

April 6, 2011

H. 3063

Introduced by Rep. Merrill

S. Printed 4/6/11--H.

Read the first time January 11, 2011.

            

THE COMMITTEE ON WAYS AND MEANS

To whom was referred a Bill (H. 3063) to amend the Code of Laws of South Carolina, 1976, by adding Section 12-43-219 so as to provide that if the boundaries of a municipality extend into more than one county, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

DANIEL T. COOPER for Committee.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

REVENUE IMPACT 1/

This bill is not expected to impact state revenues. This bill is not expected to negatively impact local revenues.

Explanation

Under current law, when a county implements a reassessment and equalization program all the properties in the county are reassessed up to the 15% cap. This bill would require a municipality that is in more than one county to calculate an equivalent millage to be used when the different counties that the municipality is located in do not implement reassessment in the same year. This codifies and standardizes what is already common practice across most of the State. The purpose of this equivalent millage would be to equalize the tax burdens within the municipality. We have identified 19 municipalities that are in more than one county. Since the purpose of this bill is to equalize the tax burden in municipalities that cross county lines and do not implement reassessment programs in the same year, municipalities are expected to set an equivalent millage that maintains their revenue stream. Therefore, this bill is not expected to negatively impact local revenues.

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 by the BEA, or Section 2-7-76 for a local revenue impact or Section 6-1-85(B) for an estimate of the shift in local property tax incidence by the Office of Economic Research.

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-219 SO AS TO PROVIDE THAT IF THE BOUNDARIES OF A MUNICIPALITY EXTEND INTO MORE THAN ONE COUNTY AND THOSE COUNTIES IMPLEMENT COUNTYWIDE APPRAISAL AND EQUALIZATION PROGRAMS ON DIFFERENT SCHEDULES, THEN THE GOVERNING BODY OF THE MUNICIPALITY SHALL SET AN EQUIVALENT MILLAGE TO BE USED THEREAFTER TO COMPUTE MUNICIPAL AD VALOREM PROPERTY TAXES, TO PROVIDE FOR THE MANNER IN WHICH THE EQUIVALENT MILLAGE SHALL BE DETERMINED, AND TO PROVIDE THAT THE ABOVE PROVISIONS ARE RETROACTIVE TO THE 2009 PROPERTY TAX YEAR.

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

SECTION    1.    Chapter 43, Title 12 of the 1976 Code is amended by adding:

"Section 12-43-219.    (A)    If the boundaries of a municipality extend into more than one county and those counties implement countywide appraisal and equalization programs required pursuant to Section 12-43-217 on different schedules, then the governing body of the municipality shall set an equivalent millage to be used thereafter to compute municipal ad valorem property taxes. The equivalent millage to be set by the municipal governing body shall be determined by methodology established by the respective county auditors which shall be consistent with the methodology for calculating equivalent millage to be established by the Department of Revenue for use in such situations, the purpose of this section being to equalize the tax burdens within this municipality.

(B)    The provisions of this section are retroactive to the 2009 property tax year and to the extent an equivalent millage required by subsection (A) was not used in a municipality on and after 2009 in these situations, appropriate refunds to taxpayers based on the difference between the appropriate equivalent millage and the millage that was actually used must be made."

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

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