H 3334 General Bill, By Davenport, Lee, Allison, Rodgers, Barfield and 
Witherspoon
 A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION
 12-43-218 SO AS TO REQUIRE THE SOUTH CAROLINA DEPARTMENT OF REVENUE TO REVIEW
 THE CALCULATION OF THE ROLLBACK MILLAGE FOR EACH PROPERTY TAXING JURISDICTION
 IN A COUNTY FOR THE PROPERTY TAX YEAR A REASSESSMENT PROGRAM IS IMPLEMENTED IN
 THE COUNTY AND TO REQUIRE PROPERTY TAX REVENUES ATTRIBUTABLE TO ANY MILLAGE
 IMPOSED IN EXCESS OF THE ROLLBACK MILLAGE TO BE HELD IN A SEPARATE FUND WHICH
 MAY BE USED ONLY TO REDUCE MILLAGE APPLICABLE FOR THE NEXT PROPERTY TAX YEAR.

   01/21/99  House  Introduced and read first time HJ-6
   01/21/99  House  Referred to Committee on Ways and Means HJ-7

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-218 SO AS TO REQUIRE THE SOUTH CAROLINA DEPARTMENT OF REVENUE TO REVIEW THE CALCULATION OF THE ROLLBACK MILLAGE FOR EACH PROPERTY TAXING JURISDICTION IN A COUNTY FOR THE PROPERTY TAX YEAR A REASSESSMENT PROGRAM IS IMPLEMENTED IN THE COUNTY AND TO REQUIRE PROPERTY TAX REVENUES ATTRIBUTABLE TO ANY MILLAGE IMPOSED IN EXCESS OF THE ROLLBACK MILLAGE TO BE HELD IN A SEPARATE FUND WHICH MAY BE USED ONLY TO REDUCE MILLAGE APPLICABLE FOR THE NEXT PROPERTY TAX YEAR.

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

SECTION 1. Article 3, Chapter 43, Title 12 of the 1976 Code, is amended by adding:

"Section 12-43-218. The South Carolina Department of Revenue shall review for accuracy the calculations of the rollback millage applied in each property taxing jurisdiction in a county following the implementation of a countywide reappraisal and equalization program. Where that review determines that a jurisdiction has imposed a millage rate in excess of the maximum rollback millage, the department shall notify the governing body of the affected jurisdiction and the governing body shall calculate the property tax revenue attributable to the excess and cause it to be transferred into an account separate from the general fund of the jurisdiction which may be used only to offset millage otherwise required to be imposed in the next property tax year."

SECTION 2. This act takes effect July 1, 1999.