Current Status Bill Number:410 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950125 Primary Sponsor:McConnell All Sponsors:McConnell Drafted Document Number:jic\5294htc.95 Residing Body:Senate Current Committee:Judiciary Committee 11 SJ Subject:Property tax millage increases
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19950125 Introduced, read first time, 11 SJ
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-80 SO AS TO LIMIT PROPERTY TAX MILLAGE INCREASES TO NO MORE THAN THE PERCENTAGE INCREASE IN THE SOUTHEASTERN CONSUMER PRICE INDEX IN THE LATEST COMPLETED CALENDAR YEAR AND TO PROVIDE FOR EXCEPTIONS TO THE LIMITATION IN THE CASE OF MILLAGE FOR DEBT SERVICE APPROVED BY REFERENDUM, ANY OTHER MILLAGE APPROVED BY REFERENDUM AND MILLAGE ATTRIBUTABLE TO PAY EXPENSES OF A NATURAL DISASTER OR TO OFFSET REDUCED STATE AID, IF APPROVED BY AT LEAST A TWO-THIRDS VOTE OF THE GOVERNING BODY AFTER NOTICE AND A PUBLIC HEARING.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 1, Title 6 of the 1976 Code is amended by adding:
"Section 6-1-80. (A) Except as provided in subsection (B) and not including millage imposed pursuant to Sections 14(6) and 15(5) of Article X of the state Constitution, the governing body of any governmental entity authorized by law to impose ad valorem taxes may not increase the millage rate over the previous tax year's millage rate by a percentage greater than the percentage increase, if any, in the consumer price index, southeastern average, in the most recently completed calendar year, as calculated by the Bureau of Labor Statistics of the United States Department of Labor.
(B) The limitation imposed by subsection (A) does not apply to:
(1) millage approved by the qualified electors of the governmental entity in a referendum held for this purpose; and
(2) millage to pay expenses incurred by the governmental entity as a result of a natural disaster or to offset a reduction in state aid to the governmental entity if the millage is approved by at least a two-thirds' vote of the governing body following a public notice and public hearing on the proposed increase."
SECTION 2. This act takes effect upon approval by the Governor.