H 2099 General Bill, By D.C. Waldrop
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 12-35-515 so as to provide for the levy of an additional one percent sales and
 use tax and the creation of the Property Tax Relief Fund funded by such
 additional tax for the reimbursement of political subdivisions for a new tax
 exemption by adding Section 12-37-277 so as to provide for administration of
 the Property Tax Relief Fund by the Comptroller General; to amend Section
 12-35-610, relating to the sales tax and amounts that may be added to sales
 price because of tax, so as to provide for a change in format of amounts that
 may be added to the sales price based on the increase of one percent of such
 tax; to amend Section 12-35-1120, as amended, relating to the sales tax and
 the furnishing of accommodations to transients, so as to change the rate of
 the tax from four to five percent; to amend Section 12-37-250, as amended,
 relating to homestead exemption, so as to provide a fifty thousand dollar
 property tax exemption on residential and agricultural property; to amend
 Section 12-35-1550, relating to the use of proceeds from the sales and use
 tax, so as to exclude proceeds collected pursuant to Section 12-35-515; to
 provide that the counties and municipalities shall apply, as far as is
 practicable, any sum paid to them under the other provisions of this Act to
 rollback property taxes, both real and personal, without regard to property
 classification; to amend Act 536 of 1976, as amended, relating to homestead
 exemption, so as to provide that when the exemption is initially granted it
 shall continue for successive years in which the ownership of the homestead or
 the other qualifications for the exemption, if any, remain unchanged, and to
 delete the word "state" from "state funds" disbursed by the Comptroller
 General to the taxing entity; to amend Act 389 of 1980, relating to homestead
 exemption, so as to delete the requirements that a person must be sixty-five
 years of age or older or be totally and permanently disabled or blind, provide
 that the person must meet the other conditions required for the exemption, if
 any, and change the reference to the Code Section under which the Comptroller
 General shall reimburse the taxing entity; to amend Section 12-37-290,
 relating to homestead exemption, so as to change the exemption to the first
 fifty thousand dollars of fair market value of the dwelling place, eliminate
 the requirements of being at least sixty-five, totally and permanently
 disabled, or legally blind, delete the reference to forms upon which the
 application for the exemption shall be made, delete the definition of
 "permanently and totally disabled", and eliminate the provision that the
 Comptroller General shall reimburse incurred in making decisions as to
 disability; to amend Section 12-37-220, as amended, relating to general
 exemptions from taxes, so as to provide that an exemption from ad valorem
 taxation shall apply to a homestead exemption without regard to a person's
 being sixty-five or older, permanently and totally disabled, or blind; and to
 repeal Sections 12-37-270 and 12-37-280, both as amended, and Section 2 of Act
 333 of 1980, all relating to homestead exemption.
   12/20/82  House  Prefiled
   12/20/82  House  Referred to Committee on Ways and Means
   01/11/83  House  Introduced and read first time HJ-222
   01/11/83  House  Referred to Committee on Ways and Means HJ-223