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Bill 3270

                    Current Status

Bill Number:                      3270
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990113
Primary Sponsor:                  Davenport
All Sponsors:                     Davenport
Drafted Document Number:          l:\council\bills\kgh\15138htc99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Political Subdivisions, property tax 
                                  reassessment program; proper rollback millage 
                                  used; Local government, counties


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990113  Introduced, read first time,           30 HWM
                  referred to Committee


                             Versions of This Bill

TO AMEND SECTION 6-1-320, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF THE GOVERNING BODY OF A POLITICAL SUBDIVISION TO RAISE PROPERTY TAX MILLAGE, SO AS TO REQUIRE A POLITICAL SUBDIVISION IN WHICH A PROPERTY TAX REASSESSMENT PROGRAM HAS BEEN IMPLEMENTED TO CERTIFY TO THE DEPARTMENT OF REVENUE THAT THE PROPER ROLLBACK MILLAGE IS BEING USED FOR THE TAX YEAR AND TO PROVIDE FOR A TWENTY PERCENT REDUCTION IN THE STATE AID TO SUBDIVISIONS DISTRIBUTION TO A POLITICAL SUBDIVISION FAILING TO USE THE APPLICABLE ROLLBACK MILLAGE.

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

SECTION 1. Section 6-1-320(A) of the 1976 Code, as added by Act 138 of 1997, is amended to read:

"(A) Notwithstanding Section 12-37-251(E), a A local governing body may only may increase the millage rate imposed for general operating purposes above the rate imposed for such purposes for the prior tax year to the extent of the increase in the consumer price index for the preceding fiscal year. However, in the year in which a reassessment program is implemented, the rollback millage, as calculated pursuant to Section 12-37-251(E), must be used in lieu of the previous year's millage rate. Each local governing body shall certify to the Department of Revenue that the applicable rollback millage is being used for the reassessment year. If a political subdivision fails to certify that it is using the applicable rollback millage, the director of the Department of Revenue shall notify the state treasurer who shall withhold twenty percent of state revenues otherwise due the political subdivision under the State Aid to Subdivisions Act. Any amounts withheld pursuant to this subsection shall lapse to the general fund of the State."

SECTION 2. This act takes effect July 1, 1999.

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