South Carolina General Assembly
115th Session, 2003-2004

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Indicates Matter Stricken
Indicates New Matter

H. 3925

STATUS INFORMATION

General Bill
Sponsors: Reps. Witherspoon, Kirsh, Keegan, Miller, Battle, Walker, Altman, Barfield, Bingham, Chellis, Clemmons, Davenport, Delleney, Edge, Hagood, Herbkersman, Littlejohn, Mahaffey, McCraw, Merrill, Pinson, Richardson, Scarborough, Simrill, Sinclair, Skelton, Stille, Talley, Taylor, Toole, Trotter, Umphlett, Viers and Young
Document Path: l:\council\bills\ggs\22017htc03.doc

Introduced in the House on April 2, 2003
Currently residing in the House Committee on Ways and Means

Summary: Aviation aircraft, governing body of county by ordinance may reduce assessment ratio applicable to general aviation aircraft subject to property tax

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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    4/2/2003  House   Introduced and read first time HJ-58
    4/2/2003  House   Referred to Committee on Ways and Means HJ-58

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/2/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-360 SO AS TO ALLOW THE GOVERNING BODY OF A COUNTY BY ORDINANCE TO REDUCE THE ASSESSMENT RATIO APPLICABLE TO GENERAL AVIATION AIRCRAFT SUBJECT TO PROPERTY TAX IN THE COUNTY TO AN AMOUNT NOT LESS THAN FOUR PERCENT OF THE FAIR-MARKET VALUE OF THE AIRCRAFT.

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 12-43-360.    The governing body of a county by ordinance may reduce the assessment ratio otherwise applicable in determining the assessed value of general aviation aircraft subject to property tax in the county to a ratio not less than four percent of the fair-market value of the general aviation aircraft. The ordinance must apply uniformly to all general aviation aircraft subject to property tax in the county."

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

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