H 4324 Session 110 (1993-1994)
H 4324 General Bill, By J.J. Bailey, Harrell and Inabinett
A Bill to amend Section 12-43-290, as amended, Code of Laws of South Carolina,
1976, relating to exceptions to the one percent limitation on property tax
revenues as a result of periodic reassessment, so as to delete the exception
for the increased cost of existing services.
12/01/93 House Prefiled
12/01/93 House Referred to Committee on Ways and Means
01/11/94 House Introduced and read first time HJ-19
01/11/94 House Referred to Committee on Ways and Means HJ-19
A BILL
TO AMEND SECTION 12-43-290, AS AMENDED, CODE OF LAWS
OF SOUTH CAROLINA, 1976, RELATING TO EXCEPTIONS TO
THE ONE PERCENT LIMITATION ON PROPERTY TAX
REVENUES AS A RESULT OF PERIODIC REASSESSMENT, SO AS
TO DELETE THE EXCEPTION FOR THE INCREASED COST OF
EXISTING SERVICES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-290 of the 1976 Code, as last amended by
Act 78 of 1989, is further amended to read:
"Section 12-43-290. The limitations set forth in Sections
12-43-270 and 12-43-280 do not prohibit any county, school district,
municipality, or any other political subdivision from increasing the
millage on all taxable property for the purpose of obtaining additional
monies for increased or new services or for the increased cost of
existing services provided for the taxpayers of the county, school
district, municipality, or any other political subdivision. If there is an
increase of this nature, the tax notice must include a separate itemization
of each increased or new service or for the increased cost of existing
services and the resulting millage change and must clearly distinguish
between a millage change made pursuant to Section 12-43-270 or
12-43-280 and a millage change made pursuant to this section. This
section does not affect any limitation provided by law on the taxing
power of a school district."
SECTION 2. This act takes effect January 1, 1994.
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