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Current Status Bill Number:View additional legislative information at the LPITS web site.4162 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19990525 Primary Sponsor:Bowers All Sponsors:Bowers Drafted Document Number:l:\council\bills\kgh\15737htc99.doc Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:Property tax assessments, four percent ratio; member of General Assembly qualifies under certain conditions, Taxation History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 19990525 Introduced, read first time, 30 HWM referred to Committee Versions of This Bill
TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CLASSIFICATION AND VALUATION OF PROPERTY FOR PURPOSES OF THE PROPERTY TAX, SO AS TO PROVIDE THAT ALL DWELLINGS OWNED BY A MEMBER OF THE GENERAL ASSEMBLY LOCATED IN A COUNTY IN WHICH ANY PORTION OF THE MEMBER'S ELECTORAL DISTRICT IS LOCATED AND NOT HELD FOR THE PRODUCTION OF INCOME QUALIFY FOR THE FOUR PERCENT ASSESSMENT RATIO APPLICABLE TO SUCH PROPERTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-220(c) of the 1976 Code, as last amended by Act 442 of 1998, is further amended by adding an appropriately numbered subitem at the end to read:
"( ) All dwellings owned by a member of the General Assembly located in a county in which any portion of the member's electoral district is located, whether or not the dwelling actually is occupied by the member, qualify for the four percent assessment ratio allowed by this subitem if the dwelling is not held for the production of income."
SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 1998.
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