H 2892 General Bill, By P.B. Harris, E.H. Agnew, D.L. Aydlette, L.E. Bennett, 
D. Blackwell, Branton, D.M. Bruce, M.D. Cleveland, M.J. Cooper, P.W. Derrick, 
G.W. Dukes, C.L. Griffin, M.S. Gulledge, Harvin, T.E. Huff, W.H. Jones, 
J.E. Kinard, J.R. Klapman, Koon, E.S. Lake, J.G. McAbee, D.E. McTeer, 
H.E. Pearce, Phillips, D. Sheppard, J.H. Toal, M.H. Westbrook, D. Williams and 
D.E. Winstead
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Sections
 12-35-515, 12-37-256, and 12-37-277 so as to add a tax of one percent to the
 sales and use tax to be credited to the Property Tax Relief Fund, to provide a
 homestead exemption of fifty percent of the fair market value of
 owner-occupied residential property which qualifies for an assessment of four
 percent but no exemption to be in excess of forty thousand dollars, and to
 provide for reimbursement by the Comptroller General from the Property Tax
 Relief Fund to the county, each school district, and special purpose district
 of the amount of taxes not collected as a result of the reduction of the
 homestead exemption; and to amend Sections 12-35-610 and 12-43-220, as
 amended, relating to sales and use tax and the disposition of such taxes and
 to equalization and reassessment of property taxes, so as to increase the
 sales tax from four percent to five percent and to reduce the assessment ratio
 for agricultural property from four to two percent, for real property not
 specifically classified from six to five percent, and on personal property
 from ten and one-half to nine percent of the fair market value of these
 properties.
   04/14/83  House  Introduced and read first time HJ-2205
   04/14/83  House  Referred to Committee on Ways and Means HJ-2206
   04/18/84  House  Tabled in committee