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Session 110 - (1993-1994)Printer Friendly
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S 1219 General Bill, By Setzler
A Bill to amend Section 59-20-20, as amended, Code of Laws of South Carolina, 1976, relating to the definitions of the index of taxpaying ability for purposes of the Education Finance Act, so as to provide that the assessments used are the audited assessments by school district submitted annually to the Comptroller General, to revise the date by which the auditor must report audited assessed values from February first to October first and to clarify and revise reporting requirements; to require the sales ratio data used to calculate the index to conform to the most recent studies corresponding to the base year and to define base year, and to provide for the Department of Revenue and Taxation to provide a preliminary index by November first of each year and a final index by February first.
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A Bill to amend Section 59-20-20, as amended, Code of Laws of South Carolina, 1976, relating to the definitions of the index of taxpaying ability for purposes of the Education Finance Act, so as to provide that the assessments used are the audited assessments by school district submitted annually to the Comptroller General, to revise the date by which the auditor must report audited assessed values from February first to October first and to clarify and revise reporting requirements; to require the sales ratio data used to calculate the index to conform to the most recent studies corresponding to the base year and to define base year, and to provide for the Department of Revenue and Taxation to provide a preliminary index by November first of each year and a final index by February first.
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03/01/94 | Senate | Introduced and read first time SJ-4 |
03/01/94 | Senate | Referred to Committee on Education SJ-4 |
04/14/94 | Senate | Committee report: Favorable Education SJ-22 |
04/19/94 | Senate | Read second time SJ-16 |
04/19/94 | Senate | Ordered to third reading with notice of amendments SJ-16 |
04/20/94 | Senate | Read third time and sent to House SJ-12 |
04/21/94 | House | Introduced and read first time HJ-18 |
04/21/94 | House | Referred to Committee on Ways and Means HJ-18 |