H*3710(Rat #0254, Act #0237 of 2016)  General Bill, By Hixon, Norman, Taylor, 
Wells, Hamilton, Atwater, Brannon, Gagnon, Corley, Ballentine, Southard, 
Clemmons, Delleney, Gambrell, Huggins, Kennedy, Kirby, Loftis, D.C. Moss, Pitts, 
Riley, Rivers, Simrill, Toole and Bedingfield
 AN ACT TO AMEND SECTION 12-43-225, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO THE MULTIPLE LOT DISCOUNT, SO AS TO PROVIDE AN ADDITIONAL
 YEAR OF ELIGIBILITY IN CERTAIN CIRCUMSTANCES. - ratified title

   02/24/15  House  Introduced and read first time (House Journal-page 18)
   02/24/15  House  Referred to Committee on Labor, Commerce and
                     Industry (House Journal-page 18)
   04/23/15  House  Member(s) request name added as sponsor: Bedingfield
   04/23/15  House  Committee report: Favorable with amendment Labor,
                     Commerce and Industry (House Journal-page 12)
   04/28/15  House  Amended (House Journal-page 84)
   04/28/15  House  Read second time (House Journal-page 84)
   04/28/15  House  Roll call Yeas-98  Nays-0 (House Journal-page 85)
   04/29/15  House  Read third time and sent to Senate
                     (House Journal-page 26)
   04/29/15  House  Roll call Yeas-94  Nays-0 (House Journal-page 26)
   04/29/15  Senate Introduced and read first time (Senate Journal-page 13)
   04/29/15  Senate Referred to Committee on Finance
                     (Senate Journal-page 13)
   04/29/15         Scrivener's error corrected
   03/23/16  Senate Committee report: Favorable with amendment
                     Finance (Senate Journal-page 14)
   05/12/16  Senate Committee Amendment Adopted (Senate Journal-page 14)
   05/12/16  Senate Read second time (Senate Journal-page 14)
   05/12/16  Senate Roll call Ayes-34  Nays-10 (Senate Journal-page 14)
   06/01/16  Senate Amended (Senate Journal-page 26)
   06/01/16  Senate Read third time and returned to House with
                     amendments (Senate Journal-page 26)
   06/01/16  Senate Roll call Ayes-41  Nays-0 (Senate Journal-page 26)
   06/02/16  House  Concurred in Senate amendment and enrolled
                     (House Journal-page 59)
   06/02/16  House  Roll call Yeas-104  Nays-0 (House Journal-page 59)
   06/02/16         Ratified R 254
   06/06/16         Signed By Governor
   06/10/16         Effective date 06/06/16
   06/13/16         Act No. 237

(A237, R254, H3710)

AN ACT TO AMEND SECTION 12-43-225, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MULTIPLE LOT DISCOUNT, SO AS TO PROVIDE AN ADDITIONAL YEAR OF ELIGIBILITY IN CERTAIN CIRCUMSTANCES.

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

Multiple lot discount extension

SECTION    1.    Section 12-43-225(D) of the 1976 Code, as last amended by Act 277 of 2014, is further amended to read:

"(D)(1)    For lots which received the discount provided in subsection (B) on December 31, 2011, there is granted additional eligibility for that discount in all property tax years beginning after 2011 and before 2017, in addition to any remaining period provided for in subsection (B). If ten or more lots receiving the discount under this item are sold to a new owner primarily in the business of real estate development, the new owner may make written application within sixty days of the date of sale to the assessor for the remaining eligibility period under this item.

(2)    For lots which received the discount provided in subsection (C) after December 31, 2008, and before January 1, 2012, upon written application to the assessor no later than thirty days after mailing of the property tax bill, there is granted additional eligibility for that discount in all property tax years beginning after 2011 and before 2017. If a lot receiving the additional eligibility under this item is transferred to a new owner primarily in the business of residential development or residential construction during its eligibility period, the new owner may apply to the county assessor for the discount allowed by this item for the remaining period of eligibility, which must be allowed if the new owner applied for the discount within thirty days of the mailing of the tax bill and meets the other requirements of this section."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 2nd day of June, 2016.

Approved the 6th day of June, 2016.