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Session 114 - (2001-2002)Printer Friendly
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S 0950 General Bill, By Thomas
Similar (H 3392)
Summary: Property tax assessments, value increases to fifteen percent in real property as result of recurring county reassessment; mandatory statewide application of exemption
A BILL TO AMEND SECTION 12-37-223A, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE COUNTY OPTION PROPERTY TAX EXEMPTION LIMITING TO FIFTEEN PERCENT INCREASES IN FAIR MARKET VALUE OF REAL PROPERTY AS A RESULT OF RECURRING REASSESSMENT PROGRAMS IN A COUNTY, SO AS TO MAKE THIS EXEMPTION MANDATORY STATEWIDE AND TO PROVIDE THAT ASSESSED VALUE EXEMPTED IS NOT INCLUDED IN A JURISDICTION'S ASSESSED VALUE FOR PURPOSES OF CALCULATING BONDED INDEBTEDNESS.
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Similar (H 3392)
Summary: Property tax assessments, value increases to fifteen percent in real property as result of recurring county reassessment; mandatory statewide application of exemption
A BILL TO AMEND SECTION 12-37-223A, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE COUNTY OPTION PROPERTY TAX EXEMPTION LIMITING TO FIFTEEN PERCENT INCREASES IN FAIR MARKET VALUE OF REAL PROPERTY AS A RESULT OF RECURRING REASSESSMENT PROGRAMS IN A COUNTY, SO AS TO MAKE THIS EXEMPTION MANDATORY STATEWIDE AND TO PROVIDE THAT ASSESSED VALUE EXEMPTED IS NOT INCLUDED IN A JURISDICTION'S ASSESSED VALUE FOR PURPOSES OF CALCULATING BONDED INDEBTEDNESS.
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| 01/30/02 | Senate | Introduced and read first time SJ-2 |
| 01/30/02 | Senate | Referred to Committee on Finance SJ-2 |