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)
HJ-664
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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