Current Status Introducing Body:House Bill Number:3127 Primary Sponsor:Keegan Committee Number:30 Type of Legislation:GB Subject:Agricultural property tax assessment Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5029HC.93 Introduced Date:19930114 Last History Body:House Last History Date:19930114 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Keegan Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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3127 House 19930114 Introduced, read first time, 30
referred to Committee
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TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CLASSIFICATION OF PROPERTY AND ASSESSMENT RATIOS FOR PURPOSES OF AD VALOREM TAXES, SO AS TO REQUIRE THE COUNTY ASSESSOR TO NOTIFY THE OFFICIAL IMPLEMENTING THE RECORDING ACT IN THE COUNTY OF PROPERTY WHICH QUALIFIES FOR AGRICULTURAL USE VALUATION AND TO REQUIRE THE OFFICIAL TO NOTE ON THE RECORDED DEED THAT THE PROPERTY IS RECEIVING AGRICULTURAL USE VALUATION AND A CHANGE IN USE CREATES A ROLLBACK TAX LIABILITY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-220(D)(4) of the 1976 Code is amended by adding at the end:
"The county assessor shall notify the official charged with implementing the recording act in the county of property qualifying for agricultural use valuation. The official shall cause to be noted on the appropriate recorded deed that the property is receiving agricultural use valuation and a change in use creates a rollback tax liability."
SECTION 2. This act takes effect July 1, 1993, and applies with respect to deeds recorded after June 30, 1992.