H*4944(Rat #0321, Act #0277 of 2014)  General Bill, By Skelton
 AN ACT TO AMEND SECTION 12-43-225, 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

   03/20/14  House  Introduced and read first time (House Journal-page 15)
   03/20/14  House  Referred to Committee on Ways and Means
                     (House Journal-page 15)
   04/09/14  House  Committee report: Favorable Ways and Means
                     (House Journal-page 135)
   04/10/14  House  Requests for debate-Rep(s). King, Cobb-Hunter,
                     Ott, Southard, Thayer, Long, Skelton, Hosey,
                     Mack, Clemmons, GR Smith (House Journal-page 108)
   04/10/14  House  Requests for debate removed-Rep(s). Skelton
                     (House Journal-page 108)
   04/29/14  House  Read second time (House Journal-page 55)
   04/29/14  House  Roll call Yeas-105  Nays-2 (House Journal-page 55)
   04/30/14  House  Read third time and sent to Senate
                     (House Journal-page 57)
   04/30/14  Senate Introduced and read first time (Senate Journal-page 14)
   04/30/14  Senate Referred to Committee on Finance
                     (Senate Journal-page 14)
   05/29/14  Senate Recalled from Committee on Finance
   06/04/14  Senate Amended (Senate Journal-page 67)
   06/04/14  Senate Read second time (Senate Journal-page 67)
   06/04/14  Senate Roll call Ayes-41  Nays-0 (Senate Journal-page 67)
   06/05/14  Senate Amended (Senate Journal-page 29)
   06/05/14  Senate Read third time and returned to House with
                     amendments (Senate Journal-page 29)
   06/05/14  House  Non-concurrence in Senate amendment
   06/05/14  House  Roll call Yeas-0  Nays-98
   06/05/14  House   Reconsidered vote whereby nonconcurred in Senate
                     amendment
   06/05/14  House  Concurred in Senate amendment and enrolled
                     (House Journal-page 118)
   06/05/14  House  Roll call Yeas-85  Nays-0 (House Journal-page 118)
   06/09/14         Ratified R 321
   06/09/14         Signed By Governor
   06/13/14         Effective date See Act for Effective Date
   06/26/14         Act No. 277

(A277, R321, H4944)

AN ACT TO AMEND SECTION 12-43-225, 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 is amended to read:

"(D)(1)    For lots which received the discount provided in subsection (B) on December 31, 2011, there is granted an additional year of eligibility for that discount in property tax years 2012, 2013, 2014, and 2015, 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 an additional year of eligibility for that discount in property tax years 2012, 2013, 2014, and 2015. 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 and applies to property tax years beginning after 2013.

Ratified the 9th day of June, 2014.

Approved the 9th day of June, 2014.