H*4376(Rat #0587, Act #0490)  General Bill, By Kirsh and I.K. Rudnick
 A Bill to amend Section 12-39-180, as amended, Code of Laws of South Carolina,
 1976, relating to the duties of the county auditor in levying property taxes,
 so as to provide that the minimum assessment of twenty dollars on all taxable
 property applies only with respect to personal property where no higher
 minimum assessment is imposed.

   12/15/93  House  Prefiled
   12/15/93  House  Referred to Committee on Ways and Means
   01/11/94  House  Introduced and read first time HJ-35
   01/11/94  House  Referred to Committee on Ways and Means HJ-35
   04/06/94  House  Committee report: Favorable Ways and Means HJ-28
   04/21/94  House  Read second time HJ-78
   04/26/94  House  Read third time and sent to Senate HJ-12
   04/27/94  Senate Introduced and read first time SJ-8
   04/27/94  Senate Referred to Committee on Finance SJ-8
   05/19/94  Senate Recalled from Committee on Finance SJ-34
   05/24/94  Senate Read second time SJ-67
   05/25/94  Senate Read third time and enrolled SJ-14
   06/02/94         Ratified R 587
   07/14/94         Signed By Governor
   07/27/94         Effective date 07/14/94
   07/27/94         See act for exception to or explanation of
                     effective date
   07/27/94         Copies available

AN ACT TO AMEND SECTION 12-39-180, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DUTIES OF THE COUNTY AUDITOR IN LEVYING PROPERTY TAXES, SO AS TO PROVIDE THAT THE MINIMUM ASSESSMENT OF TWENTY DOLLARS ON ALL TAXABLE PROPERTY APPLIES ONLY WITH RESPECT TO PERSONAL PROPERTY WHERE NO HIGHER MINIMUM ASSESSMENT IS IMPOSED.

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

Personal property assessed value

SECTION 1. Section 12-39-180 of the 1976 Code, as last amended by Act 181 of 1993, is further amended to read:

"Section 12-39-180. Each county auditor, after receiving from the Comptroller General and from such other officers and authorities as are legally empowered to determine the rate or amount of taxes to be levied for the various purposes authorized by law statements of the rates and sums to be levied for the current year, shall forthwith proceed to determine the sums to be levied upon each tract and lot of real property and upon the amount of personal property, monies, and credits listed in his county in the name of each person, which must be assessed equally on all real and personal property subject to such taxes and set down in one or more columns in the manner and form as the Comptroller General shall prescribe. The Department of Revenue and Taxation or the county auditor shall place a minimum assessment of at least twenty dollars on all personal property that generates a tax bill, unless a higher minimum assessment is otherwise required by law."

Time effective

SECTION 2. This act applies with respect to taxes due for property tax years beginning after 1993.

Approved the 14th day of July, 1994.