S 977 Session 112 (1997-1998)
S 0977 Joint Resolution, By McConnell, Courson, Russell, Thomas and Wilson
A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1(8), ARTICLE X OF THE
CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY TAXATION AND
ASSESSMENT RATIOS FOR PROPERTY, SO AS TO PROVIDE A GRADUAL TAX CUT AND
EVENTUAL ELIMINATION OF TAXES FOR PERSONAL MOTOR VEHICLES, CAPPING THE TAXES
AT 1997 ASSESSMENTS, LOWERING THE TAXES BY TWENTY-FIVE DOLLARS FOR TAX YEAR
1998, INCREASING THE TAX CUT TO SEVENTY-FIVE DOLLARS FOR TAX YEAR 1999, AND
INCREASING THE TAX CUT AN ADDITIONAL FIFTY DOLLARS IN EACH LATER TAX YEAR AND
TO ALLOW THE GENERAL ASSEMBLY TO DELAY FOR ONE YEAR ALL OR PART OF THE NEXT
YEAR'S INCREASE IN THE TAX CUT AMOUNT FOR PERSONAL MOTOR VEHICLES IF A FURTHER
TAX CUT IN THAT YEAR WOULD RESULT IN A GROWTH OF TOTAL REMAINING REVENUE FROM
ALL SOURCES OF LESS THAN ONE HUNDRED MILLION DOLLARS, AND TO PROVIDE THAT THE
STATE REPLACE LOCAL REVENUE AFFECTED BY A GRADUAL REDUCTION AND EVENTUAL
ELIMINATION OF TAX ON PERSONAL MOTOR VEHICLES.
02/03/98 Senate Introduced and read first time SJ-3
02/03/98 Senate Referred to Committee on Finance SJ-3
A JOINT RESOLUTION
PROPOSING AN AMENDMENT TO SECTION 1(8), ARTICLE X
OF THE CONSTITUTION OF SOUTH CAROLINA, 1895,
RELATING TO PROPERTY TAXATION AND ASSESSMENT
RATIOS FOR PROPERTY, SO AS TO PROVIDE A GRADUAL
TAX CUT AND EVENTUAL ELIMINATION OF TAXES FOR
PERSONAL MOTOR VEHICLES, CAPPING THE TAXES AT
1997 ASSESSMENTS, LOWERING THE TAXES BY
TWENTY-FIVE DOLLARS FOR TAX YEAR 1998, INCREASING
THE TAX CUT TO SEVENTY-FIVE DOLLARS FOR TAX YEAR
1999, AND INCREASING THE TAX CUT AN ADDITIONAL
FIFTY DOLLARS IN EACH LATER TAX YEAR AND TO
ALLOW THE GENERAL ASSEMBLY TO DELAY FOR ONE
YEAR ALL OR PART OF THE NEXT YEAR'S INCREASE IN
THE TAX CUT AMOUNT FOR PERSONAL MOTOR VEHICLES
IF A FURTHER TAX CUT IN THAT YEAR WOULD RESULT IN
A GROWTH OF TOTAL REMAINING REVENUE FROM ALL
SOURCES OF LESS THAN ONE HUNDRED MILLION
DOLLARS, AND TO PROVIDE THAT THE STATE REPLACE
LOCAL REVENUE AFFECTED BY A GRADUAL REDUCTION
AND EVENTUAL ELIMINATION OF TAX ON PERSONAL
MOTOR VEHICLES.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. It is proposed that Section 1(8), Article X of the
Constitution of this State be amended to read:
"(8) All other personal property shall be taxed on an assessment
equal to ten and one-half percent of the fair market value of such
property, except that the tax on personal motor vehicles must be
eliminated, beginning with a cap on taxes at 1997 assessments,
followed by a tax cut of twenty-five dollars in tax year 1998,
seventy-five dollars in tax year 1999, and an additional fifty dollars
in each later tax year; and except that the General Assembly
may delay for one year all or part of the next year's increase in
the tax cut amount for personal motor vehicles if a further tax cut in
that year would result in a growth of total remaining revenue from all
sources of less than one hundred million dollars."
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(8), Article X of the Constitution of this State
relating to property taxation and assessment ratios for property be
amended so as to provide a gradual tax cut and eventual elimination
of taxes for personal motor vehicles, capping the taxes at 1997
assessments, lowering the taxes by twenty-five dollars for tax year
1998, increasing the tax cut to seventy-five dollars for tax year 1999,
and increasing the tax cut an additional fifty dollars in each later tax
year and to allow the General Assembly to delay for one year all or
part of the next year's increase in the tax cut amount for personal
motor vehicles if a further tax cut in that year would result in a
growth of total remaining revenue from all sources of less than one
hundred million dollars?
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'."
SECTION 3. It is proposed that Section 1(8), Article X of the
Constitution of this State be amended by adding at the end:
"The State shall replace local revenue affected by a gradual
reduction and eventual elimination of tax on personal motor vehicles
if such a reduction or elimination is provided by Constitutional
amendment."
SECTION 4. 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(8), Article X of the Constitution of this State
relating to property taxation and assessment ratios for property be
amended so as to provide that the State replace local revenue affected
by a gradual reduction and eventual elimination of tax on personal
motor vehicles if such a reduction or elimination is provided by
Constitutional amendment?
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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