H 4224 Joint Resolution, By R. Smith, T.E. Huff, Sharpe and C.H. Stone
 A Joint Resolution to provide that the calculation of the 1993 Index of
 Taxpaying Ability for school districts in a county which implemented a
 reassessment program in 1992 must use the 1991 sales ratio study for the
 county.

   05/20/93  House  Introduced and read first time HJ-30
   05/20/93  House  Referred to Committee on Ways and Means HJ-30

A JOINT RESOLUTION

TO PROVIDE THAT THE CALCULATION OF THE 1993 INDEX OF TAXPAYING ABILITY FOR SCHOOL DISTRICTS IN A COUNTY WHICH IMPLEMENTED A REASSESSMENT PROGRAM IN 1992 MUST USE THE 1991 SALES RATIO STUDY FOR THE COUNTY.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Notwithstanding the deadlines provided in Section 59-20-20 of the 1976 Code for changes in calculating the index of taxpaying ability in a county which implemented a countywide property tax equalization and reassessment program in 1992, the sales ratio study which must be used in the calculation of the 1993 index of taxpaying ability, for school districts in the county is the 1991 sales ratio study.

SECTION 2. This joint resolution takes effect upon approval by the Governor.