H 3666 General Bill, By Kirsh, Elliott, R.N. McLellan and D.E. McTeer

Similar(S 1146)
 A Bill to amend Section 12-43-220, Code of Laws of South Carolina, 1976,
 relating to classification of property and assessment ratios for purposes of
 ad valorem taxation, so as to provide that real property does not qualify for
 the special assessment for agricultural real property unless in the case of
 timberland the tract is five acres or more or in the case of farmland, the
 tract is ten acres or more, or in the case of tracts of less than ten acres,
 there is gross farm income of at least one thousand dollars in three of the
 five years preceding the year of application for the assessment, to make new
 owners of less than ten-acre tracts eligible for the special assessment
 subject to the rollback tax if they fail to meet the same income requirements
 in the first five years of operations, to provide for the special assessment
 for land idle under land retirement programs and lease operations, to
 authorize the assessor to obtain tax information and the agriculture
 stabilization and conservation service farm identification number to verify
 applications, and to require applicants to certify that the real estate meets
 the requirements, to make eligible until 1991 property qualifying as
 agricultural real property in 1987 if ownership is unchanged; to amend the
 1976 Code by adding Section 12-43-340 so as to make it unlawful knowingly and
 wilfully to make a false statement on an application for special assessment
 for agricultural real property and provide a penalty and to exempt from the
 rollback tax landowners made ineligible for the special assessment by the
 provisions of this Act.
   02/02/88  House  Introduced and read first time HJ-844
   02/02/88  House  Referred to Committee on Ways and Means HJ-845
   03/29/88  House  Committee report: Majority favorable with amend.,
                     minority unfavorable Ways and Means HJ-2362