Current Status Introducing Body:House Bill Number:3386 Primary Sponsor:Rudnick Committee Number:30 Type of Legislation:GB Subject:Real estate, residential; assessment ratio Residing Body:House Current Committee:Ways and Means Computer Document Number:3386 Introduced Date:Jan 31, 1991 Last History Body:House Last History Date:Jan 31, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rudnick G. Brown Waldrop Jaskwhich Whipper Koon McBride Smith Type of Legislation:General Bill
Bill Body Date Action Description CMN
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3386 House Jan 31, 1991 Introduced, read first time, 30
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-215 SO AS TO REQUIRE RESIDENTIAL REAL ESTATE QUALIFYING FOR THE FOUR PERCENT ASSESSMENT RATIO TO BE APPRAISED AS RESIDENTIAL REAL ESTATE IN ANY REASSESSMENT PROGRAM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 3, Chapter 43, Title 12 of the 1976 Code is amended by adding:
"Section 12-43-215. In any program of reassessment, residential real property receiving the four percent assessment ratio pursuant to Section 12-43-220(c) and which remains eligible for that assessment ratio for the year of reassessment must be appraised as residential real property."
SECTION 2. Section 12-43-215 of the 1976 Code is effective with respect to reassessment programs occuring after 1990.
SECTION 3. This act takes effect upon approval by the Governor.