H 3969 Joint Resolution, By Cotty and Campsen
 A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1(3), ARTICLE X, OF THE
 CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE FOUR PERCENT ASSESSMENT
 RATIO ON A LEGAL RESIDENCE, SO AS TO ALLOW A SIMILAR ASSESSMENT RATIO ON A
 SECOND RESIDENCE AND NOT MORE THAN FIVE CONTIGUOUS AREAS IF THE SECOND
 RESIDENCE IS NOT HELD FOR THE PRODUCTION OF INCOME AND MEETS OTHER
 REQUIREMENTS THE GENERAL ASSEMBLY MAY PROVIDE BY LAW.

   04/10/97  House  Introduced and read first time HJ-88
   04/10/97  House  Referred to Committee on Ways and Means HJ-88

PROPOSING AN AMENDMENT TO SECTION 1(3), ARTICLE X, OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE FOUR PERCENT ASSESSMENT RATIO ON A LEGAL RESIDENCE, SO AS TO ALLOW A SIMILAR ASSESSMENT RATIO ON A SECOND RESIDENCE AND NOT MORE THAN FIVE CONTIGUOUS AREAS IF THE SECOND RESIDENCE IS NOT HELD FOR THE PRODUCTION OF INCOME AND MEETS OTHER REQUIREMENTS THE GENERAL ASEMBLY MAY PROVIDE BY LAW.

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

SECTON 1. It is proposed that item (3), Section 1 of Article X of the Constitution of this State be amended to read:

"(3) The legal residence and not more than five acres contiguous, thereto shall be taxed on an assessment equal to four percent of the fair market value of such property. A second residence in addition to the legal residence and not more than five contiguous acres must also be taxed on an assessment equal to four percent of fair market value if the second residence is not held for the production of income and meets other requirements that the General Assembly may prescribe by law."

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 ballots:

"Must Section 1(3), Article X of the Constitution of this State be amended so as to allow a second residence and not more than five contiguous acres in addition to the legal residence to be taxed on an assessment equal to four percent of fair market value if the second residence is not held for the production of income and meets other requirements the General Assembly may impose 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'."