South Carolina General Assembly
121st Session, 2015-2016

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Indicates Matter Stricken
Indicates New Matter

S. 932

STATUS INFORMATION

General Bill
Sponsors: Senators Bennett, Grooms and Hembree
Document Path: l:\council\bills\bbm\9399dg16.docx
Companion/Similar bill(s): 5115

Introduced in the Senate on January 13, 2016
Introduced in the House on February 9, 2016
Currently residing in the House

Summary: Property tax assessment ratios

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/2/2015  Senate  Prefiled
   12/2/2015  Senate  Referred to Committee on Finance
   1/13/2016  Senate  Introduced and read first time (Senate Journal-page 35)
   1/13/2016  Senate  Referred to Committee on Finance (Senate Journal-page 35)
    2/3/2016  Senate  Committee report: Favorable Finance 
                        (Senate Journal-page 31)
    2/4/2016  Senate  Read second time (Senate Journal-page 19)
    2/4/2016  Senate  Roll call Ayes-38  Nays-0 (Senate Journal-page 19)
    2/9/2016  Senate  Read third time and sent to House (Senate Journal-page 9)
    2/9/2016  House   Introduced and read first time (House Journal-page 8)
    2/9/2016  House   Referred to Committee on Ways and Means 
                        (House Journal-page 44)
   5/19/2016  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 105)
   5/26/2016  House   Read second time
   5/26/2016  House   Roll call Yeas-94  Nays-0

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/2/2015
2/3/2016
5/19/2016

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

Indicates Matter Stricken

Indicates New Matter

COMMITTEE REPORT

May 19, 2016

S. 932

Introduced by Senators Bennett, Grooms and Hembree

S. Printed 5/19/16--H.

Read the first time February 9, 2016.

            

THE COMMITTEE ON WAYS AND MEANS

To whom was referred a Bill (S. 932) to amend Section 12-43-220, as amended, Code of Laws of South Carolina, 1976, relating to property tax assessment ratios, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

W. BRIAN WHITE for Committee.

            

A BILL

TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX ASSESSMENT RATIOS, SO AS TO REVISE AN APPLICATION DEADLINE FOR CERTAIN PROPERTY OWNED BY CERTAIN MEMBERS OF THE ARMED FORCES.

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

SECTION    1.    A.    Section 12-43-220(c)(2)(v)(C)(3) of the 1976 Code, as added by Act 133 of 2014, is amended to read:

"(3)    This subsubitem does not apply unless the owner of the properties or the owner's agent applies for the four percent assessment ratio on both residences before the first penalty date for the payment of taxes for the tax year for which the owner first claims eligibility for this assessment ratio. The burden of proof for eligibility for the four percent assessment ratio on both residences is on the taxpayer. The taxpayer must provide the proof the assessor requires, including, but not limited to, a copy of the owner's most recently filed South Carolina individual income tax return and copies of South Carolina motor vehicle registrations for all motor vehicles registered in the name of the owner. The taxpayer must apply to the county assessor by May fifteenth of each year the first penalty date for the payment of taxes for the tax year in which the taxes are due to utilize the provisions of subsubitems (B) and (C). Along with the application, the applicant must submit a Leave and Earnings Statement (LES) from the current calendar year. Any information contained in the LES that is not related to the active duty status of the member may be redacted."

B.    Notwithstanding any other provision of law, if a taxpayer qualified for the special assessment rate for tax year 2014 or 2015 pursuant to Section 12-43-220(c)(2)(v)(B) or (C), except that the taxpayer applied after the May fifteenth deadline, then the taxpayer must be refunded the appropriate amount so long as the taxpayer makes application for either or both years by January 15, 2017.

SECTION    2.    This act takes effect upon approval by the Governor and applies for property tax years beginning after 2013.

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