H 4039 General Bill, By Inabinett, J.J. Bailey, Breeland, Cobb-Hunter, 
D.N. Holt, W.D. Keyserling and L.S. Whipper
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 12-43-215 so as to require residential real estate qualifying for the four
 percent assessment ratio to be appraised as residential real estate in any
 reassessment program.

   04/14/93  House  Introduced and read first time HJ-39
   04/14/93  House  Referred to Committee on Ways and Means HJ-39

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-215 SO AS TO REQUIRE RESIDENTIAL REAL ESTATE QUALIFYING FOR THE FOUR PERCENT ASSESSMENT RATIO TO BE APPRAISED AS RESIDENTIAL REAL ESTATE IN ANY REASSESSMENT PROGRAM.

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 12-43-215. In any program of reassessment, residential real property receiving the four percent assessment ratio pursuant to Section 12-43-220(c) and which remains eligible for that assessment ratio for the year of reassessment must be appraised as residential real property."

SECTION 2. Section 12-43-215 of the 1976 Code is effective with respect to reassessment programs occuring after 1993.

SECTION 3. This act takes effect upon approval by the Governor.