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H. 3800
STATUS INFORMATION
General Bill
Sponsors: Rep. Bowers
Document Path: l:\council\bills\nbd\11362dg11.docx
Introduced in the House on March 3, 2011
Currently residing in the House Committee on Ways and Means
Summary: Tax Assessment ratios
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/3/2011 House Introduced and read first time (House Journal-page 15)
3/3/2011 House Referred to Committee on Ways and Means
(House Journal-page 15)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ASSESSMENT RATIOS, SO AS TO PROVIDE THAT ANY REAL PROPERTY AND IMPROVEMENTS THEREON WITHIN A ONE MILE RADIUS OF A LEGAL RESIDENCE THAT QUALIFIES FOR THE SPECIAL FOUR PERCENT ASSESSMENT RATIO SHALL BE CONSIDERED CONTIGUOUS TO THE LEGAL RESIDENCE.
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 76 of 2009, is further amended by adding an appropriately numbered subitem at the end to read:
"( ) Notwithstanding another provision of law, any real property and improvements thereon, owned by a taxpayer, within a one mile radius of the taxpayer's legal residence, that qualifies for the special four percent assessment ratio, shall be considered contiguous to the legal residence. However, a taxpayer may not claim the special four percent assessment ratio on more than five acres."
SECTION 2. This act takes effect upon approval by the Governor and applies for all property tax years beginning after 2010.
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