Current Status Introducing Body:House Bill Number:3665 Primary Sponsor:White Committee Number:30 Type of Legislation:GB Subject:Property taxes, agricultural Residing Body:House Current Committee:Ways and Means Companion Bill Number:450 Computer Document Number:JIC/5200.HC Introduced Date:Mar 07, 1991 Last History Body:House Last History Date:Mar 07, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:White Type of Legislation:General Bill
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 3665 House Mar 07, 1991 Introduced, read first time, 30 referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-43-230, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY QUALIFIED AS AGRICULTURAL REAL PROPERTY FOR PURPOSES OF VALUATION FOR PROPERTY TAXES, SO AS TO PROVIDE THAT A LANDOWNER MAY RECEIVE AGRICULTURAL USE VALUATION ON NOT MORE THAN TWO THOUSAND ACRES IN ONE COUNTY AND THE TOTAL REDUCTION IN FAIR MARKET VALUE FOR ONE LANDOWNER'S PROPERTY QUALIFYING FOR AGRICULTURAL USE VALUATION IN ONE COUNTY MAY NOT EXCEED ONE HUNDRED THOUSAND DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-230 of the 1976 Code is amended by adding an appropriately lettered subsection to read:
"( ) Notwithstanding any other provision of this article, one landowner may not receive agricultural use valuation on more than two thousand acres in any one county, nor may agricultural use valuation reduce the fair market value of one landowner's real property in any one county by more than one hundred thousand dollars."
SECTION 2. Upon approval by the Governor, this act is effective for tax years beginning after 1990.