South Carolina Legislature


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H 2194
Session 105 (1983-1984) 

H 2194 General Bill, By B. Campbell, B.J. Gordon, M.S. Gulledge, J.L. Harris, 
P.B. Harris, Harvin, L.I. Hendricks, B.E. Huff, H.H. Keyserling, Kirsh, 
J.R. Klapman, Matthews, D.M. McEachin, R.N. McLellan and R.R. Woods
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 12-35-515, so as to provide for the levy of an additional sales, use, and
 casual excise tax of one and one-half percent and provide for its disposition;
 to amend Section 12-35-550, as amended, relating to exemptions from the sales
 tax, so as to exempt the gross proceeds of the sale of food for human
 consumption and to provide which items are and are not included in the term
 "food"; to amend Section 12-35-610, relating to amounts to be added to the
 sales price because of the sales tax, so as to revise such amounts in
 accordance with a five and one-half percent tax rate; to amend Section
 12-35-1550, relating to the disposition of the tax revenue collected under
 Chapter 35 of Title 12, so as to provide that the revenue from the tax levied
 by Sections 12-35-510, 12-35-810, and 12-35-1120 shall be remitted to the
 State Treasurer to be credited to the State Public School Building Fund for
 the purposes provided for in Article 3 of Chapter 21 of Title 59 and that any
 sum over and above that so required shall be placed to the credit of the
 General Fund and shall be used for school purposes only and to provide that
 forty-nine percent of the tax levied pursuant to Section 12-35-515 shall be
 credited to the Property Tax Relief Fund and that the remaining fifty-one
 percent shall be credited to the General Fund; to amend the 1976 Code by
 adding Section 12-37-256, so as to provide for an exemption of fifty percent
 of the fair market value of owner-occupied residential property qualifying for
 the four percent assessment ratio, not to exceed forty thousand dollars, to
 require county assessors to compute the exemption and annually notify their
 respective county auditors of the amounts, provide that this exemption is
 cumulative and in addition to any other homestead exemption, provide that this
 additional exemption must be taken first, and provide that property qualifying
 for this additional exemption shall be considered taxable for purposes of
 bonded indebtedness under Sections 14 and 15 of Article X of the State
 Constitution and for purposes of computing the "Index of Taxpaying Ability"
 under the South Carolina Education Finance Act of 1977; to amend the 1976 Code
 by adding Section 12-37-277, so as to establish the Property Tax Relief Fund
 and provide for its administration, prohibit any shift in the tax burden from
 one class of property to another by reason of the exemption under Section
 12-37-256, provide that the remaining balance in the Property Tax Relief Fund,
 after reimbursement, must be distributed to the counties and municipalities
 according to the latest official United States Census, provide that the
 governing bodies of the counties and municipalities shall apply, so far as
 practicable, any sum paid them under Section 12-37-277 to rollback property
 taxes both real and personal, without regard to classifications, provide a
 procedure for establishing all future millage increases after the rollback
 under Section 12-37-277 has been implemented and the county and municipal tax
 millage adjusted in accordance therewith, provide that the Comptroller General
 shall promulgate regulations to carry out the provisions of Section 12-37-277
 and shall purchase and distribute applications for the exemption provided for
 in Section 12-37-256, provide for the costs of the applications, and require
 each political subdivision requesting reimbursement under Section 12-37-277 to
 have based its tax rate on total assessed value including the exemption under
 Section 12-37-256.
   01/12/83  House  Introduced and read first time HJ-297
   01/12/83  House  Referred to Committee on Ways and Means HJ-299
   01/20/83  House  Committee report: Favorable with amendment Ways
                     and Means HJ-445
   01/26/83  House  Debate adjourned until Tuesday, February 1, 1983 HJ-520
   02/01/83  House  Debate adjourned HJ-571
   02/03/83  House  Objection by Rep. Winstead, J. Bradley, P.
                     Bradley & J. Arthur HJ-640
   02/03/83  House  Special order, set for immediately (under H-2429)
   02/17/83  House  Debate interrupted HJ-1060
   02/22/83  House  Amended HJ-1090
   02/22/83  House  Recommitted to Committee on Ways and Means HJ-1109
   03/02/83  House  Committee report: Favorable with amendment Ways
                     and Means HJ-1256
   03/03/83  House  Special order, set for 3/8/83 after call of
                     uncontested calendar(under H-2619) HJ-1328
   03/08/83  House  Tabled HJ-1352
   03/08/83  House  Reconsidered HJ-1358
   03/08/83  House  Tabled HJ-1400

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