Current Status Introducing Body:House Bill Number:4224 Primary Sponsor:R. Smith Committee Number:30 Type of Legislation:JR Subject:School district, property tax reassessment program Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5985HC.93 Introduced Date:19930520 Last History Body:House Last History Date:19930520 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:R. Smith Huff Sharpe Stone Type of Legislation:Joint Resolution
Bill Body Date Action Description CMN Leg Involved
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4224 House 19930520 Introduced, read first time, 30
referred to Committee
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TO PROVIDE THAT THE CALCULATION OF THE 1993 INDEX OF TAXPAYING ABILITY FOR SCHOOL DISTRICTS IN A COUNTY WHICH IMPLEMENTED A REASSESSMENT PROGRAM IN 1992 MUST USE THE 1991 SALES RATIO STUDY FOR THE COUNTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding the deadlines provided in Section 59-20-20 of the 1976 Code for changes in calculating the index of taxpaying ability in a county which implemented a countywide property tax equalization and reassessment program in 1992, the sales ratio study which must be used in the calculation of the 1993 index of taxpaying ability, for school districts in the county is the 1991 sales ratio study.
SECTION 2. This joint resolution takes effect upon approval by the Governor.