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H. 4924
STATUS INFORMATION
Joint Resolution
Sponsors: Reps. Young, Loftis, Walker, Merrill, G.R. Smith, Ballentine, Bingham, Bowen, Herbkersman, Limehouse, Scarborough, Umphlett, White and Erickson
Document Path: l:\council\bills\bbm\10417htc08.doc
Introduced in the House on April 1, 2008
Currently residing in the House Committee on Ways and Means
Summary: Public Charter School District
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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4/1/2008 House Introduced and read first time HJ-9
4/1/2008 House Referred to Committee on Ways and Means HJ-9
4/9/2008 House Member(s) request name added as sponsor: Erickson
4/23/2008 House Member(s) request name removed as sponsor: Cobb-Hunter
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO DISTRIBUTE A PORTION OF HOMESTEAD EXEMPTION FUND REVENUE CARRIED FORWARD TO FISCAL YEAR 2008-2009 TO THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT BASED ON A PER PUPIL FORMULA.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. From any balance in the Homestead Exemption Fund established pursuant to Section 11-11-155 of the 1976 Code which is carried forward to fiscal year 2008-2009, there must be distributed to the South Carolina Public Charter School District (SCPCSD) an amount equal to the number of pupils in that school district multiplied by $4,658. The distribution required pursuant to this section to the SCPCSD comes before and reduces the balance available for distribution to counties for property tax credits pursuant to Section 11-11-156(C) of the 1976 Code.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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