South Carolina General Assembly
122nd Session, 2017-2018

Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

S. 587

STATUS INFORMATION

General Bill
Sponsors: Senators Timmons, Talley, Rice, Turner and Climer
Document Path: l:\s-res\wrt\002asse.sp.wrt.docx
Companion/Similar bill(s): 3093

Introduced in the Senate on March 29, 2017
Currently residing in the Senate Committee on Finance

Summary: Assessment ratios

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/29/2017  Senate  Introduced and read first time (Senate Journal-page 4)
   3/29/2017  Senate  Referred to Committee on Finance (Senate Journal-page 4)

View the latest legislative information at the website

VERSIONS OF THIS BILL

3/29/2017

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

A BILL

TO AMEND SECTION 12-43-220(c) OF THE 1976 CODE, RELATING TO ASSESSMENT RATIOS, TO PROVIDE THAT, WHEN AN OWNER RECEIVING THE FOUR PERCENT ASSESSMENT RATIO DIES, THE PROPERTY SHALL CONTINUE TO RECEIVE THE SPECIAL ASSESSMENT RATE UNTIL THE DECEDENT'S ESTATE IS CLOSED, SO LONG AS THE PROPERTY IS NOT RENTED.

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

SECTION    1.    Section 12-43-220(c) of the 1976 Code is amended by adding an appropriately numbered subitem to read:

"(    )    Notwithstanding any other provision of law, when an owner receiving the special assessment rate pursuant to item (c) dies, the property shall continue to receive the special assessment rate until the decedent's estate is closed or upon recording of a deed or deed of distribution out of the estate, whichever occurs first. This subitem does not apply if the property is rented."

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

----XX----


This web page was last updated on April 3, 2017 at 3:25 PM