H 3654 Session 112 (1997-1998)
H 3654 Joint Resolution, By Bauer, Allison, Altman, Bailey, Barfield, Barrett,
Bowers, J. Brown, Campsen, Cato, Chellis, Cotty, Davenport, Easterday,
J.G. Felder, Fleming, Gamble, Harvin, Haskins, J. Hines, Inabinett, B.L. Jordan,
Knotts, Koon, Leach, Lee, Littlejohn, Mason, McKay, W. McLeod, Meacham, Neilson,
Phillips, Pinckney, Riser, Rodgers, Sandifer, Seithel, Simrill, D. Smith,
R. Smith, Stille, Tripp, Trotter, Walker, Whatley, Wilder, Witherspoon,
W.J. Young and Young-Brickell
Similar(S 1055, H 3904)
A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1(8), ARTICLE X OF THE
CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE ASSESSMENT RATIO
APPLICABLE TO CERTAIN PERSONAL PROPERTY FOR PURPOSES OF THE PROPERTY TAX, SO
AS TO ESTABLISH A SEPARATE CLASS FOR CERTAIN PROPERTY REQUIRED TO BE TITLED BY
A STATE OR FEDERAL AGENCY, AND TO PROVIDE THE ASSESSMENT RATIOS FOR THE NEW
CLASS.
03/13/97 House Introduced and read first time HJ-12
03/13/97 House Referred to Committee on Ways and Means HJ-12
A JOINT RESOLUTION
PROPOSING AN AMENDMENT TO SECTION 1(8), ARTICLE X
OF THE CONSTITUTION OF SOUTH CAROLINA, 1895,
RELATING TO THE ASSESSMENT RATIO APPLICABLE TO
CERTAIN PERSONAL PROPERTY FOR PURPOSES OF THE
PROPERTY TAX, SO AS TO ESTABLISH A SEPARATE CLASS
FOR CERTAIN PROPERTY REQUIRED TO BE TITLED BY A
STATE OR FEDERAL AGENCY, AND TO PROVIDE THE
ASSESSMENT RATIOS FOR THE NEW CLASS.
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 is amended to read:
"(8) (A) Except as provided in subitem (B) of this
item, all other personal property shall must be
taxed on an assessment equal to ten and one-half percent of the fair
market value of such the property.
(B) Personal property required to be titled by a state or federal
agency, not including units of manufactured housing, must be taxed
on an assessment equal to the following percentage of fair market
value of the property:
Property Tax Year Percentage
(i) Property tax years beginning
in the first calendar year
following the year of
ratification of this subitem 9.0
(ii) Property tax years beginning
in the seconnd calendar year
following the year of ratification
of this subitem: 7.5
(iii) Property tax years beginning after
the second calendar year following the
year of ratification of this subitem 6.0"
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,
be amended so as to establish a new class of property for purposes of
the property tax consisting of personal property required to be titled
by a state or federal agency, not including units of manufactured
housing, which must be assessed for property tax at the rate of nine
and one-half percent of fair market value declining to a permanent
rate of six percent over three years?
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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