Current Status Introducing Body:House Bill Number:4324 Primary Sponsor:J. Bailey Committee Number:30 Type of Legislation:GB Subject:Property tax reassessment, one percent limitation Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5119HC.94 Introduced Date:19940111 Last History Body:House Last History Date:19940111 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:J. Bailey Inabinett Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
____ ______ ____________ ______________________________ ___ ____________
4324 House 19940111 Introduced, read first time, 30
referred to Committee
4324 House 19931201 Prefiled, referred to 30
Committee
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TO AMEND SECTION 12-43-290, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXCEPTIONS TO THE ONE PERCENT LIMITATION ON PROPERTY TAX REVENUES AS A RESULT OF PERIODIC REASSESSMENT, SO AS TO DELETE THE EXCEPTION FOR THE INCREASED COST OF EXISTING SERVICES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-290 of the 1976 Code, as last amended by Act 78 of 1989, is further amended to read:
"Section 12-43-290. The limitations set forth in Sections 12-43-270 and 12-43-280 do not prohibit any 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. 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. This section does not affect any limitation provided by law on the taxing power of a school district."
SECTION 2. This act takes effect January 1, 1994.