S*0932(Rat #0228, Act #0206 of 2016)  General Bill, By Bennett, Grooms and 
Hembree

Similar(H 5115)
 AN ACT TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO PROPERTY TAX ASSESSMENT RATIOS, SO AS TO REVISE AN
 APPLICATION DEADLINE FOR CERTAIN PROPERTY OWNED BY CERTAIN MEMBERS OF THE
 ARMED FORCES. - ratified title

   12/02/15  Senate Prefiled
   12/02/15  Senate Referred to Committee on Finance
   01/13/16  Senate Introduced and read first time (Senate Journal-page 35)
   01/13/16  Senate Referred to Committee on Finance
                     (Senate Journal-page 35)
   02/03/16  Senate Committee report: Favorable Finance
                     (Senate Journal-page 31)
   02/04/16  Senate Read second time (Senate Journal-page 19)
   02/04/16  Senate Roll call Ayes-38  Nays-0 (Senate Journal-page 19)
   02/09/16  Senate Read third time and sent to House
                     (Senate Journal-page 9)
   02/09/16  House  Introduced and read first time (House Journal-page 8)
   02/09/16  House  Referred to Committee on Ways and Means
                     (House Journal-page 44)
   05/19/16  House  Committee report: Favorable Ways and Means
                     (House Journal-page 105)
   05/26/16  House  Read second time (House Journal-page 10)
   05/26/16  House  Roll call Yeas-94  Nays-0 (House Journal-page 10)
   05/31/16  House  Read third time and enrolled (House Journal-page 9)
   06/02/16         Ratified R 228
   06/03/16         Signed By Governor
   06/09/16         Effective date See Act for Effective Date
   06/09/16         Act No. 206

(A206, R228, S932)

AN ACT TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX ASSESSMENT RATIOS, SO AS TO REVISE AN APPLICATION DEADLINE FOR CERTAIN PROPERTY OWNED BY CERTAIN MEMBERS OF THE ARMED FORCES.

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

Application deadline for certain assessment ratios

SECTION    1.    A.        Section 12-43-220(c)(2)(v)(C)(3) of the 1976 Code, as added by Act 133 of 2014, is amended to read:

"(3)    This subsubitem does not apply unless the owner of the properties or the owner's agent applies for the four percent assessment ratio on both residences before the first penalty date for the payment of taxes for the tax year for which the owner first claims eligibility for this assessment ratio. The burden of proof for eligibility for the four percent assessment ratio on both residences is on the taxpayer. The taxpayer must provide the proof the assessor requires, including, but not limited to, a copy of the owner's most recently filed South Carolina individual income tax return and copies of South Carolina motor vehicle registrations for all motor vehicles registered in the name of the owner. The taxpayer must apply to the county assessor by the first penalty date for the payment of taxes for the tax year in which the taxes are due to utilize the provisions of subsubitems (B) and (C). Along with the application, the applicant must submit a Leave and Earnings Statement (LES) from the current calendar year. Any information contained in the LES that is not related to the active duty status of the member may be redacted."

B.        Notwithstanding any other provision of law, if a taxpayer qualified for the special assessment ratio for tax year 2014 or 2015 pursuant to Section 12-43-220(c)(2)(v)(B) or (C), except that the taxpayer applied after the May fifteenth deadline, then the taxpayer must be refunded the appropriate amount so long as the taxpayer makes application for either or both years by January 15, 2017.

Time effective

SECTION    2.    This act takes effect upon approval by the Governor and applies for property tax years beginning after 2013.

Ratified the 2nd day of June, 2016.

Approved the 3rd day of June, 2016.