Current Status Introducing Body:
HouseBill Number: 4313Primary Sponsor: SturkieCommittee Number: 30Type of Legislation: GBSubject: Counties, tax millage increase, provisionsResiding Body: HouseCurrent Committee: Ways and MeansComputer Document Number: JIC/6072.HCIntroduced Date: Jan 30, 1992Last History Body: HouseLast History Date: Jan 30, 1992Last History Type: Introduced, read first time, referred to CommitteeScope of Legislation: StatewideAll Sponsors: Sturkie Koon Riser WrightType of Legislation: General Bill
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 4313 House Jan 30, 1992 Introduced, read first time, 30 referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-43-290, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MILLAGE INCREASES ALLOWED FOLLOWING REASSESSMENT IN A COUNTY, SO AS TO PROVIDE A MAXIMUM INCREASE OF TWO PERCENT IN REVENUES THAT MAY BE RAISED BY A MILLAGE LEVIED TO PAY FOR THE INCREASED COST OF EXISTING SERVICES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The first paragraph of Section 12-43-290 of the 1976 Code, as last amended by Act 78 of 1989, is further amended to read:
"The limitations set forth in Sections 12-43-270 and 12-43-280 do not prohibit any a county, school district, municipality, or any other political subdivision from increasing the millage on all taxable property for the purpose of obtaining additional monies for increased or new services or for the increased cost of existing services provided for the taxpayers of the county, school district, municipality, or any other political subdivision. A millage increase levied to raise revenue for the increased cost of existing services may not result in an increase of more than two percent in the cost of the services from the previous year. If there is an increase of this nature, the tax notice must include a separate itemization of each increased or new service or for the increased cost of existing services and the resulting millage change and must clearly distinguish between a millage change made pursuant to Section 12-43-270 or 12-43-280 and a millage change made pursuant to this section."
SECTION 2. Upon approval by the Governor, this act applies for property tax years beginning after 1991.