H 4714 Session 112 (1997-1998)
H 4714 Joint Resolution, By Knotts, Bailey, Battle, Bauer, Bowers, Campsen,
Chellis, Cotty, Dantzler, Davenport, Easterday, J.G. Felder, Fleming, Hamilton,
Harrison, J. Hines, Inabinett, Koon, Law, Leach, Lloyd, Mason, McCraw,
J.D. McMaster, Neilson, Quinn, Rice, Riser, Rodgers, Sharpe, Simrill, J. Smith,
R. Smith and Whatley
A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1(3), ARTICLE X OF THE
CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY TAXATION AND
ASSESSMENT RATIOS FOR PROPERTY, SO AS TO ALLOW THE ASSESSMENT OF A SECONDARY
RESIDENCE AT THE RATE OF FOUR PERCENT OF ITS FAIR MARKET VALUE WHEN IT IS A
LEGAL RESIDENCE AND SECONDARY DOMICILE OF THE OWNER-OCCUPANT.
02/26/98 House Introduced and read first time HJ-6
02/26/98 House Referred to Committee on Ways and Means HJ-6
A JOINT RESOLUTION
PROPOSING AN AMENDMENT TO SECTION 1(3), ARTICLE X
OF THE CONSTITUTION OF SOUTH CAROLINA, 1895,
RELATING TO PROPERTY TAXATION AND ASSESSMENT
RATIOS FOR PROPERTY, SO AS TO ALLOW THE
ASSESSMENT OF A SECONDARY RESIDENCE AT THE RATE
OF FOUR PERCENT OF ITS FAIR MARKET VALUE WHEN IT
IS A LEGAL RESIDENCE AND SECONDARY DOMICILE OF
THE OWNER-OCCUPANT.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. It is proposed that Section 1(3), Article X of the
Constitution of this State be amended to read:
"(3) The legal residence and not more than five acres
contiguous thereto shall be taxed on an assessment equal to four
percent of the fair market value of such property. This
assessment ratio may apply to both the principal and secondary
domiciles of the owner-occupant."
SECTION 2. The proposed amendment must be submitted to the
qualified electors at the next general election for representatives.
Ballots must be provided at the various voting precincts with the
following words printed or written on the ballot:
"Must Section 1(3), Article X of the Constitution of this State
relating to property taxation and assessment ratios for property be
amended so as to allow the assessment of a secondary residence at the
rate of four percent of its fair market value when it is a legal
residence and secondary domicile of the owner-occupant?
Yes []
No []
Those voting in favor of the question shall deposit a ballot with a
check or cross mark in the square after the word 'Yes', and those
voting against the question shall deposit a ballot with a check or cross
mark in the square after the word 'No'."
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