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, Climer and Young
Document Path: l:\s-res\wrt\002asse.sp.wrt.docx
Companion/Similar bill(s): 3093

Introduced in the Senate on March 29, 2017
Introduced in the House on February 8, 2018
Last Amended on February 1, 2018
Currently residing in the House Committee on Ways and Means

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)
   1/24/2018  Senate  Committee report: Favorable with amendment Finance 
                        (Senate Journal-page 6)
    2/1/2018  Senate  Committee Amendment Adopted (Senate Journal-page 14)
    2/6/2018  Senate  Read second time (Senate Journal-page 21)
    2/6/2018  Senate  Roll call Ayes-43  Nays-0 (Senate Journal-page 21)
    2/7/2018  Senate  Read third time and sent to House 
                        (Senate Journal-page 39)
    2/8/2018  House   Introduced and read first time (House Journal-page 8)
    2/8/2018  House   Referred to Committee on Ways and Means 
                        (House Journal-page 8)

View the latest legislative information at the website

VERSIONS OF THIS BILL

3/29/2017
1/24/2018
2/1/2018

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

COMMITTEE AMENDMENT ADOPTED

February 1, 2018

S. 587

Introduced by Senators Timmons, Talley, Rice, Turner and Climer

S. Printed 2/1/18--S.

Read the first time March 29, 2017.

            

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.

Amend Title To Conform

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 251 of 2016, is further amended by adding an appropriately numbered subitem at the end 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, upon the recording of a deed or deed of distribution out of the estate, or after December thirty-first of the year following the date of death, whichever occurs first. This subitem does not apply if the property is rented for more than seventy-two days in or following the calendar year of the decedent's death or if a change of use occurs."

SECTION    2.    This act takes effect upon approval by the Governor and applies to property tax years beginning after 2017.

----XX----

This web page was last updated on February 9, 2018 at 12:05 PM