H 3651 Session 111 (1995-1996)
H 3651 General Bill, By H. Brown
A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
11-11-330 so as to establish the State Property Tax Credit Fund and require
annual appropriations to the Fund; to amend the 1976 Code by adding Section
12-37-251 so as to allow a homestead exemption from property taxes other than
those levied for bonded indebtedness equal to twenty-eight thousand five
hundred dollars of fair market value escalating, depending on revenues in the
State Property Tax Credit Fund to a complete exemption from all taxes except
those levied for bonded indebtedness; to amend the 1976 Code by adding Section
12-43-217 so as to require triennial reassessment; to amend the 1976 Code by
adding Sections 4-9-142, 5-21-70, 6-1-75, and 59-73-35 so as to impose
spending limits on counties, municipalities, and special purpose districts and
impose an ad valorem tax revenue limitation on school districts; to amend the
1976 Code by adding Section 12-43-350 so as to provide a standardized tax
bill; and to amend the 1976 Code by adding Section 6-1-60 so as to provide for
notice requirements for local government budgeting.
02/22/95 House Introduced and read first time HJ-6
02/22/95 House Referred to Committee on Ways and Means HJ-6
03/21/95 House Committee report: Favorable with amendment Ways
and Means HJ-4
03/22/95 House Special order, set for Wed., Mar. 22, 1995
following the call of the motion period (Under
H. 3850) HJ-15
03/22/95 House Amended HJ-30
03/22/95 House Debate interrupted HJ-113
03/23/95 House Read second time HJ-49
03/23/95 House Roll call Yeas-102 Nays-14 HJ-49
03/28/95 House Read third time and sent to Senate HJ-45
03/29/95 Senate Introduced and read first time SJ-11
03/29/95 Senate Referred to Committee on Finance SJ-11
05/09/95 Senate Recalled from Committee on Finance SJ-32
05/24/95 Senate Special order SJ-48
02/22/96 Senate Debate adjourned SJ-25
03/13/96 Senate Recommitted to Committee on Finance SJ-38
Indicates Matter Stricken
Indicates New Matter
RECALLED
May 9, 1995
H. 3651
Introduced by REP. H. Brown
S. Printed 5/9/95--S.
Read the first time March 29, 1995.
STATEMENT OF ESTIMATED FISCAL
IMPACT
1. Estimated Cost to State-First Year$See Below
2. Estimated Cost to State-Annually Thereafter$See Below
Department of Education
Section 1 requires an appropriation of an amount sufficient
to reimburse local governments sums equal to the amount of
collections; therefore, there would be no impact on funding. Given
the dictates of this legislation, appropriations to the Property Tax
Relief Fund may be limited to the extent necessary to fully fund the
Education Finance Act inflation factor as calculated of the Office of
Research and Statistical Services.
Department of Revenue
The bill would have no administrative impact to the General
Fund of the State by the Department of Revenue.
Comptroller General - Administration
The Comptroller General's Office indicates that since the
bill requires reimbursement of state funds to local entities, a field
audit of each county must be completed to verify the amount of
taxes lost. The bill does not address auditing procedures; therefore,
if the Comptroller General's Office is required to conduct audits on
these funds, an estimated recurring cost of $41,620 would be
required. (This cost is based on salary and fringe of $35,000 and
travel expenses of $6,620.) Other costs involved in implementing
this legislation would be an estimated non-recurring cost of
$10,000. (This cost is based on training, travel, forms, and
printing.)
COSTS TO IMPLEMENT BY
COMPTROLLER GENERAL$51,620 (First Year)
$41,620 (Recurring)
$10,000 (Non-recurring)
$41,620 (Second Year)
Aid to Subdivisions - Homestead Exemption
House Bill 3361, the 1995-96 General Appropriation Bill, as
passed by the House of Representatives, appropriates in Section
68A, $129,250,000 to the Property Tax Relief Fund. In addition,
House Bill 3645, as passed by the House of Representatives,
appropriates $54,591,247 to the fund, as referenced in Section 128
of the 1994-95 General Appropriation Act.
Local Governments
Pursuant to Section 2-7-76 of the South Carolina Code of
Laws, 1976, the Office of State Budget surveyed the 61 members of
the FIST Network and 27 responses were received. Information
was solicited regarding the impact associated with the following
provisions of the bill: (1) reassessment every four years; (2)
issuance of new tax bills; and (3) public notice advertisement. The
15 counties responding indicated costs ranging from $35,944 to
$1,361,600 for a total cost of $4,322,101. The 12 municipalities
responding indicated costs ranging from $250 to $1,500 for a total
cost of $8,028. The combined total cost of the 27 respondents is
$4,330,129.
Based on this survey, it would appear that this bill exceeds the
ten cents per capita statewide criteria as set forth in Section 4-9-55
of the South Carolina Code of Laws, 1976.
Prepared By: Allan Kincaid
DeAnne Raven Chief Budget Analyst
JoAnne L. Payton
Frances H. Barr Approved By:
Cheryl H. Morris George N. Dorn, Jr.
State Budget Analysts Director, Office of State
Budget
STATEMENT OF ESTIMATED FISCAL
IMPACT
This bill would increase state
expenditures by the amount of the State Property Tax Relief Fund.
Section 11 would require local
treasurers to credit the tax paid against the actual liability of the
taxpayer if taxes are paid in error. This would have no effect on
state or local revenue.
We estimate that Section 12
would shift approximately 4,700 homes from a 6% assessment ratio
into the 4% category. This would shift approximately $2,500,000
in local property tax burden to other classes of property if local
governments do not take this into account in setting millage rates
for the next budget year.
Section 14 would extend the
deadline for filing for agricultural use value for the 1994 tax year
until January 15, 1996. This would reduce local property tax
revenue by less than $1,000 on a one-time basis for refunds to
taxpayers who missed the agricultural use filing deadline for 1994.
Approved By:
Burnet R. Maybank, III
S.C. Department of Revenue
A BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA,
1976, BY ADDING SECTION 11-11-330 SO AS TO ESTABLISH
THE STATE PROPERTY TAX CREDIT FUND AND REQUIRE
ANNUAL APPROPRIATIONS TO THE FUND; TO AMEND
THE 1976 CODE BY ADDING SECTION 12-37-251 SO AS TO
ALLOW A HOMESTEAD EXEMPTION FROM PROPERTY
TAXES OTHER THAN THOSE LEVIED FOR BONDED
INDEBTEDNESS EQUAL TO TWENTY-EIGHT THOUSAND
FIVE HUNDRED DOLLARS OF FAIR MARKET VALUE
ESCALATING, DEPENDING ON REVENUES IN THE STATE
PROPERTY TAX CREDIT FUND TO A COMPLETE
EXEMPTION FROM ALL TAXES EXCEPT THOSE LEVIED
FOR BONDED INDEBTEDNESS; TO AMEND THE 1976 CODE
BY ADDING SECTION 12-43-217 SO AS TO REQUIRE
TRIENNIAL REASSESSMENT; TO AMEND THE 1976 CODE
BY ADDING SECTIONS 4-9-142, 5-21-70, 6-1-75, AND 59-73-35
SO AS TO IMPOSE SPENDING LIMITS ON COUNTIES,
MUNICIPALITIES, AND SPECIAL PURPOSE DISTRICTS AND
IMPOSE AN AD VALOREM TAX REVENUE LIMITATION ON
SCHOOL DISTRICTS; TO AMEND THE 1976 CODE BY
ADDING SECTION 12-43-350 SO AS TO PROVIDE A
STANDARDIZED TAX BILL; AND TO AMEND THE 1976
CODE BY ADDING SECTION 6-1-60 SO AS TO PROVIDE FOR
NOTICE REQUIREMENTS FOR LOCAL GOVERNMENT
BUDGETING.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. Article 3, Chapter 11, Title 11 of the 1976 Code,
is amended by adding:
"Section 11-11-330. (A) Funds credited to the `State
Property Tax Relief Fund' must be used to provide property tax
relief in the manner prescribed in Section 12-37-251. The first
phase of property tax relief must be to remove that portion of the
homeowner's tax levied for public school operating costs. For
fiscal years beginning after June 30, 1996, the General Assembly
shall, in addition to the funds referenced, appropriate one-half of
the estimated recurring revenue growth expected for the fiscal year
until such time that the phase-out of the residential property tax is
complete. For fiscal years after the implementation of the
phase-out of the residential property tax, the General Assembly
shall appropriate an amount sufficient to reimburse local
governments sums equal to the amount of taxes that were not
collected for the local government by reason of the exemption
provided in Section 12-37-251.
(B) This appropriation required by subsection (A) must be
contained in the executive budget, Ways and Means Committee
report on the general appropriations bill, the general appropriations
bill at the time of third reading in the House of Representatives, the
Senate Finance Committee report on the general appropriations bill,
the general appropriations bill at the time of a third reading in the
Senate, and in any conference report on the general appropriations
bill."
SECTION 2. Article 3, Chapter 37, Title 12 of the 1976 Code,
is amended by adding:
"Section 12-37-251. (A) Property classified pursuant to
Section 12-43-220(c) is exempt from property taxes levied for other
than bonded indebtedness and payments pursuant to lease-purchase
agreements for capital construction as provided in this subsection.
For the 1995 property tax year, the exemption applies against
millage imposed for school operations and the amount of fair
market value of the homestead that is exempt from such millage
must be set by the Director of the Department of Revenue and
Taxation and the Comptroller General by September 30, 1995,
based on the amount available in the State Property Tax Relief
Fund for fiscal year 1995-96 applying the reimbursement
requirements of this section. In subsequent tax years, after the first
phase as stated in Section 11-11-330(A) and its growth is funded,
the exemption extends to all operating millages on homesteads and
the amount of fair market value exempt from tax must be
established by the Director of the Department of Revenue and
Taxation and the Comptroller General by September thirtieth of the
year based on the amount available in the Property Tax Relief Fund
for the fiscal year applying the reimbursement requirements of this
section. It is the intention of the General Assembly annually and
cumulatively to provide funds in the State Property Tax Relief Fund
so that the percentage of fair market value exempt pursuant to this
section attains and thereafter remains at one hundred percent of fair
market value. The exemption allowed by this section is in addition
to the exemption provided in Section 12-37-250.
(B) Taxing entities must be reimbursed, in the manner provided
in Section 12-37-270 for the revenue lost as a result of the
homestead exemption provided in this section except that ninety
percent of the reimbursement must be paid in the last quarter of the
calendar year.
(C) Notwithstanding any other provision of law, property
exempted from property taxation in the manner provided in this
section is considered taxable property for purposes of bonded
indebtedness pursuant to Sections 14 and 15 of Article X of the
Constitution of this State, and for purposes of computing the `index
of taxpaying ability' pursuant to Section 59-20-20(3).
(E) In the year of reassessment the millage rate for all real and
personal property must not exceed the rollback millage as disclosed
in Section 6-1-80(B)(10), except that the rollback millage may be
increased by the percentage increase in the consumer price index for
the year immediately preceding the year of reassessment.
(F) The exemption allowed by this section is conditional on full
funding of the Education Finance Act and on an appropriation by
the General Assembly each year reimbursing school districts an
amount equal to the Department of Revenue and Taxation's
estimate of total school tax revenue loss resulting from the
exemption in the next fiscal year."
SECTION 3. A. Article 3, Chapter 43, Title 12 of the 1976
Code is amended by adding:
"Section 12-43-217. Notwithstanding any other provision
of law, once every fourth year each county or the State shall
appraise and equalize those properties under its jurisdiction. Upon
completion of the reassessment program, the county or State shall
notify every taxpayer of any change in value or classification if the
change is one thousand dollars or more. The county and State shall
have one year to resolve appeals in value or classification. In the
fifth year, the county or State shall implement the program and
assess all property on the newly appraised values."
B. Subsection (A) of Section 12-45-75 of the 1976 Code, as
added by Act 443 of 1994, is amended to read:
"(A) The governing body of a county may by ordinance
allow a taxpayer to elect to pay all ad valorem taxes on real
property located in the county in quarterly installments.
No installment election is allowed for taxes paid through an escrow
account.
The ordinance must specify the installment due dates and it may
provide for installments due and payable before January fifteenth,
but the final installment due date must be January fifteenth. The
ordinance may provide for a service charge of not more than two
dollars on installment payments. For purposes of payment and
collection, these service charges are deemed property taxes. The
ordinance may not provide penalties for late installments."
SECTION 4. Article 1, Chapter 9, Title 4 of the 1976 Code is
amended by adding:
"Section 4-9-142. (A) The governing body of a county
may not increase the millage rate and fee rates imposed for
operating purposes, excluding utilities, above the rates imposed for
such purposes for the prior tax year. However, the millage rate and
fee rates may be increased by the percentage increase in the
Consumer Price Index upon a three-fifths vote of the governing
body of the county. Notwithstanding the limitation upon millage
rate and fee rate increases contained in this subsection, the millage
rate and fee rates may be increased for the following purposes:
(1) in response to a natural or environmental disaster as
declared by the Governor;
(2) to offset a prior year's deficit, as required by Section 7,
Article X of the South Carolina Constitution, or to offset a deficit
in providing a service or function which is funded through the
imposition of fees by increasing such fees in an amount necessary
to cover that deficit; or
(3) to raise the revenue necessary to comply with judicial
mandates requiring the use of county funds, personnel, facilities, or
equipment.
(B) Notwithstanding any provision of the law to the contrary,
the millage rate and fee rates may be further increased upon a
two-thirds vote of the governing body. Any new sources of
revenues for operating purposes must be approved by a two-thirds
vote of the governing body of the county. However, if the
governing body has fewer than six members, a three-fifths vote is
required.
(C) The restriction contained in this section shall not affect
millage which is levied to pay bonded indebtedness or payments for
real property purchased using a lease-purchase agreement or used to
maintain a reserve account. Nothing in this section prohibits the
use of energy-saving performance contracts as provided in Section
48-52-670."
SECTION 5. Article 1, Chapter 21, Title 5 of the 1976 Code is
amended by adding:
"Section 5-21-70. (A) The governing body of a
municipality may not increase the millage rate and fee rates,
excluding utilities, imposed for operating purposes above the rate
and fee rates imposed for such purposes for the prior tax year.
However, the millage rate and fee rates may be increased by the
percentage increase in the Consumer Price Index upon a three-fifths
vote of the governing body of the municipality. Notwithstanding
the limitation upon millage rate and fee rate increases contained in
this subsection, the millage rate and fee rates may be increased for
the following purposes:
(1) in response to a natural or environmental disaster as
declared by the Governor;
(2) to offset a prior year's deficit, as required by Section 7,
Article X of the South Carolina Constitution, or to offset a deficit
in providing a service or function which is funded through the
imposition of fees by increasing such fees in an amount necessary
to cover that deficit; or
(3) to raise the revenue necessary to comply with judicial
mandates requiring the use of municipal funds, personnel, facilities,
or equipment.
(B) Notwithstanding any provision of the law to the contrary,
the millage rate and fee rates may be further increased upon a
two-thirds vote of the governing body. Any new sources of
revenues for operating purposes must be approved by a two-thirds
vote of the governing body of the municipality. However, if the
governing body has fewer than six members, a three-fifths vote is
required.
(C) The restriction contained in this section shall not affect
millage which is levied to pay bonded indebtedness or payments for
real property purchased using a lease-purchase agreement or used to
maintain a reserve account. Nothing in this section will prohibit the
use of energy-saving performance contracts as provided in Section
48-52-670."
SECTION 6. Article 1, Title 6 of the 1976 Code is amended by
adding:
"Section 6-1-60. (A) The governing body authorized by
law to levy special purpose or public service district taxes may not
increase the millage rate imposed for operating purposes above the
rate imposed for such purposes for the prior tax year. The millage
rate may, however, be increased by the percentage increase in the
Consumer Price Index upon a three-fifths vote of the governing
body authorized by law to levy special purpose or public service
district taxes. Notwithstanding the limitation upon millage rate
increases contained in this subsection and only to the extent
authorized by law on the effective date of this section, the
governing body authorized by law to levy special purpose or public
service district taxes may increase the millage rate for the following
purposes:
(1) in response to a natural or environmental disaster as
declared by the Governor;
(2) to offset a prior year's deficit, as required by Section 7,
Article X of the South Carolina Constitution; or
(3) to raise the revenue necessary to comply with judicial
mandates requiring the use of special purpose or public service
district funds, personnel, facilities, or equipment.
(B) The millage rate may be further increased upon a two-thirds
vote of the governing body authorized by law to levy special
purpose or public service district taxes. Any new sources of
revenues for operating purposes must be approved by a two-thirds
vote of the governing body authorized by law to levy special
purpose or public service district taxes. However, if the governing
body has fewer than six members, a three-fifths vote is required.
(C) The restriction contained in this section shall not affect
millage which is levied to pay bonded indebtedness or payments for
real property purchased using a lease-purchase agreement or used to
maintain a reserve account.
(D) The provisions of this section may not be construed to
amend or repeal any existing provision of law limiting the fiscal
autonomy of a public or special purpose district to the extent those
limitations are more restrictive than the provisions of this
section."
SECTION 7. Chapter 73, Title 59 of the 1976 Code is amended
by adding:
"Section 59-73-35. (A) The governing body authorized
by law to levy school taxes may not increase the millage rate
imposed for operating purposes above the rate imposed for such
purposes for the prior tax year.
(B) The millage rate may, however, be increased by the
percentage increase in the Consumer Price Index upon a three-fifths
vote of the governing body authorized by law to levy school taxes
of the school district. Notwithstanding the limitation upon millage
rate increases contained in this subsection, the millage rate may be
increased for the following purposes:
(1) to meet the minimum required local Education Finance
Act inflation factor as projected by the State Budget and Control
Board, Division of Research and Statistics, and the per pupil
maintenance of effort requirement of Section 59-21-1030;
(2) in response to a natural or environmental disaster as
declared by the Governor;
(3) to offset a prior year's deficit, as required by Section 7,
Article X of the South Carolina Constitution; or
(4) to raise the revenue necessary to comply with judicial
mandates requiring the use of school district funds, personnel,
facilities, or equipment.
(C) Notwithstanding any provision of law to the contrary, the
millage rate may be increased upon a two-thirds vote of the
governing body authorized by law to levy school taxes of the
school district. Any new sources of revenues for operating
purposes must be approved by a two-thirds vote of the governing
body authorized by law to levy school taxes of the school district.
(D) The restriction contained in this section shall not affect
millage which is levied to pay bonded indebtedness or payments for
real property purchased using a lease-purchase agreement or used to
maintain a reserve account. Nothing in this section prohibits the
use of energy-saving performance contracts as provided in Section
48-52-670.
(E) The provisions of this section may not be construed to
amend or repeal any existing provision of law limiting the fiscal
autonomy of a school district to the extent those limitations are
more restrictive than the provisions of this section.
(F) The provisions of this section do not apply to a school
district in which any increase in the ad valorem school tax levy for
a particular year must be approved by the qualified electors of the
school district in a referendum."
SECTION 8. Article 3, Chapter 43, Title 12 of the 1976 Code
is amended by adding:
"Section 12-43-350. Affected political subdivisions must
use a tax bill which must contain standard information and include
the following:
(1) name and address of owner;
(2) tax map number;
(3) location of property;
(4) appraised value;
(5) assessed value;
(6) assessed ratio;
(7) millage for each tax district;
(8) receipt number;
(9) total tax liability for current year;
(10) state property tax relief benefit (savings);
(11) local option sales tax credit."
SECTION 9. Chapter 1, Title 6 of the 1976 Code is amended
by adding:
"Section 6-1-80. (A) The counties, municipalities, special
purpose, or public service and school districts of this State must
provide notice to the public by advertising the public hearing before
the adoption of its budget for the next fiscal year in the
nonclassified section in at least one South Carolina newspaper of
general, audited circulation in the area. The public hearing must
give the residents of the jurisdiction the opportunity to express their
concerns and to provide ideas or input for discussion by the local
governing entity. This notice must be given not less than fifteen
days in advance of the public hearing, and must be a minimum of
two columns by ten inches (four and one-half by ten inches) with at
least a twenty-four point headline.
(B) The notice shall include the following:
(1) the governing entity's name;
(2) the time, date, and location of the public hearing on the
budget;
(3) the total, actual, and projected expenditures of the current
operating fiscal year in the budget of the governing entity;
(4) the proposed total projected operating expenditures for the
next fiscal year as proposed in next year's budget for the governing
entity;
(5) the proposed or estimated percentage change in operating
budgets between the current fiscal year and the proposed budget;
(6) the total, actual, and projected revenue of all property
taxes in dollars for the current fiscal year budget;
(7) the proposed total projected revenue of all property taxes
in dollars for the proposed budget;
(8) the millage for the current fiscal year;
(9) the proposed millage as proposed in the budget for the
next fiscal year;
(10) the rollback millage rate, computed by dividing the
current year's property tax revenues by the budget year property tax
assessment base;
(11) any new fees or taxes that would affect more than five
percent of the total proposed budget; and
(12) estimated local option sales tax credit, if applicable.
(C) The requirements of this section apply in the preparation of
annual budget and supplemental appropriations. When the counties,
municipalities, and special purpose or public service districts, and
school districts determine that they require a greater tax rate after
the adoption of the budget or during the current fiscal year, or fail
to provide notice within the above-specified period, they also must
comply with the notice requirements of this section."
SECTION 10. There shall be established a committee which shall
be known as the "Joint Ad Hoc Committee on Unfunded
Mandates" (hereinafter the "committee"). The
committee shall be composed of three members appointed from the
House of Representatives by the Speaker of the House of
Representatives, three members appointed from the Senate by the
President of the Senate, and three members appointed by the
Governor. The committee shall investigate and review the role of
unfunded mandates and their impact on the counties of this State.
The committee shall hold public hearings and report to the General
Assembly with specific recommendations on the repeal or
modification of all unfunded mandates in existence as of July 1,
1995. The committee's consideration of unfunded mandates shall
include, but is not limited to, those mandates imposed by statute,
regulation, and judicial interpretation. The committee shall issue a
report and make its recommendations to the General Assembly prior
to the commencement of the Second Session of the 111th General
Assembly. Upon issuing its report, the committee terminates.
SECTION 11. The 1976 Code is amended by adding:
"Section 12-47-75. If a taxpayer or his agent pays
property taxes in error, or the payment is erroneously credited, the
treasurer shall credit the amount paid against the actual liability of
the taxpayer for the tax year in question. This section applies for
any tax year for which proof is provided."
SECTION 12. A. The first paragraph of Section 12-43-220(c)
of the 1976 Code, as last amended by Act 164 of 1993, is further
amended to read:
"The legal residence and not more than five acres
contiguous thereto, when owned totally or in part in fee or by life
estate and occupied by the owner of the interest, is taxed on an
assessment equal to four percent of the fair market value of the
property. If residential real property is held in trust and the income
beneficiary of the trust occupies the property as a residence, then
the assessment ratio allowed by this item applies if the trustee
certifies to the assessor that the property is occupied as a residence
by the income beneficiary of the trust. When the legal residence is
located on leased or rented property and the residence is owned and
occupied by the owner of a residence on leased property, even
though at the end of the lease period the lessor becomes the owner
of the residence, the assessment for the residence is at the same
ratio as provided in this item. If the lessee of property upon which
he has located his legal residence is liable for taxes on the leased
property, then the property upon which he is liable for taxes, not to
exceed five acres contiguous to his legal residence, must be
assessed at the same ratio provided in this item. If this property has
located on it any rented mobile homes or residences which are
rented or any business for profit, this four percent value does not
apply to those businesses or rental properties. This subsection (c) is
not applicable unless the owner of the property or his agents
make written application apply therefor to the
county assessor on or before the first penalty date for taxes due for
the first tax year in which the assessment under this article is made
and certify to the following statement: `Under the penalty of perjury
I certify that I meet the qualifications for the special assessment
ratio for a legal residence as of January first of for
the appropriate tax year'.
To qualify for this special assessment ratio, the
owner-occupant must have actually occupied the residence, prior to
the date of application, for some period during the tax year and
remain an owner-occupant at the time of application. However,
when a new or renovated residential property has been certified for
occupancy after the beginning of a tax year, the property must be
assessed as provided in item (e) on the unimproved value of the
property."
B. This act takes effect upon approval by the Governor and
applies with respect to property tax years beginning after 1994.
SECTION 13. Section 11-11-440(A) of the 1976 Code is
amended to read:
"(A) The General Assembly may not provide for any
general tax increase or enact new general taxes in the permanent
provisions of the State General Appropriation Act or acts
supplemental thereto, and any such general tax increases or new
general taxes must be enacted only by separate act passed by a
vote of at least two-thirds of the members of each
house."
SECTION 14. Notwithstanding the provisions of Section
12-43-220(d)(3) of the 1976 Code, the deadline for filing for
agricultural use value for property owned as of December 31, 1993,
is extended to January 15, 1996.
SECTION 15. This act takes effect upon approval by the
Governor.
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