Current Status Introducing Body:House Bill Number:4104 Primary Sponsor:Rudnick Committee Number:30 Type of Legislation:GB Subject:Residential real estate Residing Body:House Current Committee:Ways and Means Computer Document Number:BBM/10294HC.93 Introduced Date:19930414 Last History Body:House Last History Date:19930414 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Rudnick Neal Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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4104 House 19930414 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 occurring after 1993.
SECTION 3. This act takes effect upon approval by the Governor.