Download This Bill in Microsoft Word format

Bill 449

                    Current Status

Bill Number:                      449
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990203
Primary Sponsor:                  Reese
All Sponsors:                     Reese
Drafted Document Number:          l:\council\bills\dka\3171mm99.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Property tax assessments, county 
                                  reassessment and equalization program, 
                                  rollback millage; refunds to taxpayer


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990203  Introduced, read first time,           06 SF
                  referred to Committee


                             Versions of This Bill

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-218 SO AS TO REQUIRE THAT EXCESS PROPERTY TAX REVENUES RECEIVED FROM EACH INDIVIDUAL TAXPAYER AS A RESULT OF AN INCORRECT CALCULATION AND IMPOSITION OF THE ROLLBACK MILLAGE IN A COUNTY FOR THE YEAR THE COUNTY IMPLEMENTS A PROPERTY TAX REASSESSMENT PROGRAM BE REFUNDED TO EACH TAXPAYER WITHIN ONE HUNDRED EIGHTY DAYS OF THE COLLECTION OF THE PROPERTY TAX.

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

SECTION 1. Article 3, Chapter 43, Title 12 of the 1976 Code is amended by adding:

"Section 12-43-218. (A) If a property taxing jurisdiction in a county has incorrectly calculated the rollback millage and imposed a millage rate in excess of the maximum rollback millage in a property tax year a reassessment program in the county is implemented, the governing body of the affected jurisdiction shall calculate the excess property tax revenue received from each individual taxpayer resulting from the incorrectly imposed millage and refund the excess to each individual taxpayer.

(B) This section applies only if the miscalculation is discovered and the refund may be made within one hundred eighty days of the date in which the taxes are collected. For purposes of this section, the date on which the taxes are collected is one hundred eighty days from the fifteenth day of January after their assessment in each year."

SECTION 2. This act takes effect upon approval by the Governor.

This web page was last updated on Wednesday, December 9, 2009 at 9:06 A.M.