S*0605(Rat #0424, Act #0527)  Joint Resolution, By Hayes
 A Joint Resolution proposing an amendment to Section 3, Article X of the
 Constitution of South Carolina, 1895, relating to property exempt from ad
 valorem taxation, so as to permit municipal governing body to exempt from
 municipal ad valorem taxes for not more than five years all new corporate
 headquarters, corporate office facilities, distribution facilities, and
 additions to such facilities located in the municipality, and to authorize a
 similar exemption for all new enterprises engaged in research and development
 activities and additions to such enterprises located in the municipality and
 to provide that these exemptions are subject to those terms and conditions
 that the General Assembly may provide by law.

   03/30/93  Senate Introduced and read first time SJ-13
   03/30/93  Senate Referred to Committee on Finance SJ-13
   01/19/94  Senate Committee report: Favorable Finance SJ-13
   01/20/94  Senate Read second time SJ-25
   01/25/94  Senate Read third time and sent to House SJ-9
   01/26/94  House  Introduced and read first time HJ-8
   01/26/94  House  Referred to Committee on Ways and Means HJ-9
   04/06/94  House  Committee report: Favorable Ways and Means HJ-30
   04/26/94  House  Read second time HJ-19
   04/27/94  House  Read third time and enrolled HJ-19
   05/04/94         Ratified R 424
   05/04/94         No signature required
   05/04/94         Effective date Act No. 527
   05/17/94         Copies available

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 3, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY EXEMPT FROM AD VALOREM TAXATION, SO AS TO PERMIT A MUNICIPAL GOVERNING BODY TO EXEMPT FROM MUNICIPAL AD VALOREM TAXES FOR NOT MORE THAN FIVE YEARS ALL NEW CORPORATE HEADQUARTERS, CORPORATE OFFICE FACILITIES, DISTRIBUTION FACILITIES, AND ADDITIONS TO SUCH FACILITIES LOCATED IN THE MUNICIPALITY, AND TO AUTHORIZE A SIMILAR EXEMPTION FOR ALL NEW ENTERPRISES ENGAGED IN RESEARCH AND DEVELOPMENT ACTIVITIES AND ADDITIONS TO SUCH ENTERPRISES LOCATED IN THE MUNICIPALITY AND TO PROVIDE THAT THESE EXEMPTIONS ARE SUBJECT TO THOSE TERMS AND CONDITIONS THAT THE GENERAL ASSEMBLY MAY PROVIDE BY LAW.

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

Abatement authorized

SECTION 1. Item (g) of Section 3 of Article X of the Constitution of this State is amended by adding at the end:

"The governing body of a municipality may by ordinance exempt from municipal ad valorem taxation for not more than five years:

(1) all new corporate headquarters, corporate office facilities, distribution facilities located in the municipality, and additions to such facilities; and

(2) all facilities of new enterprises engaged in research and development activities located in the municipality, and additions to such facilities.

The exemptions allowed pursuant to this paragraph are subject to those terms and conditions that the General Assembly may provide by law."

Question

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 3 of Article X of the Constitution of this State be amended so as to permit a municipal governing body to exempt from municipal ad valorem taxation for not more than five years all new corporate headquarters, corporate office facilities, or distribution facilities, and additions to such facilities located in the municipality and to permit a similar exemption for all facilities of new enterprises engaged in research and development activities and additions to such facilities located in the municipality and to provide that these exemptions are subject to the terms and conditions the General Assembly may provide by law?

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'."

Ratified the 4th day of May, 1994.