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100Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19990112Primary Sponsor: McConnellAll Sponsors: McConnell, Passailaigue, Ford, Mescher, Ravenel, Branton, Grooms, Elliott, Washington, Reese, CorkDrafted Document Number: l:\council\bills\kgh\15059htc99.docResiding Body: HouseCurrent Committee: Ways and Means Committee 30 HWMSubject: Property tax reassessment, counties appraisal and equalization program, value increase, schedule; Political SubdivisionsHistory Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 19990325 Introduced, read first time, 30 HWM referred to Committee Senate 19990324 Read third time, sent to House Senate 19990323 Co-Sponsor added by Senator Cork Senate 19990323 Read second time Senate 19990318 Recalled from Committee, 06 SF placed on the Calendar Senate 19990112 Introduced, read first time, 06 SF referred to Committee Senate 19981118 Prefiled, referred to Committee 06 SF Versions of This Bill Revised on March 18, 1999 - Word format
Indicates Matter Stricken
Indicates New Matter
March 18, 1999
Introduced by Senators McConnell, Passailaigue, Ford, Mescher, Ravenel, Branton, Grooms, Elliott, Washington and Reese
S. Printed 3/18/99--S.
Read the first time January 12, 1999.
This joint resolution has no impact on state or local revenues.
This bill would allow a county by ordinance to postpone implementing the revised values that result from a countywide reassessment and equalization program for one year. Since the delay is for only one year, it is not expected to alter significantly the relative distribution of the property tax burden.
William C. Gillespie
Board of Economic Advisors
1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact, Section 2-7-76 for a local revenue impact, and Section 6-1-85(B) for an estimate of the shift in local property tax incidence.
TO AMEND SECTION 12-43-217, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SCHEDULE OF APPRAISAL AND EQUALIZATION OF THE VALUE OF REAL PROPERTY AND THE IMPLEMENTATION OF THE REVISED VALUES RESULTING FROM THE EQUALIZATION PROGRAM FOR PURPOSES OF PROPERTY TAX, SO AS TO ALLOW A COUNTY BY ORDINANCE TO POSTPONE IMPLEMENTATION FOR NOT MORE THAN ONE PROPERTY TAX YEAR AND TO PROVIDE THAT THIS POSTPONEMENT DOES NOT ALTER THE SCHEDULE OF APPRAISAL AND EQUALIZATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-217 of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:
"Section 12-43-217. (A) Notwithstanding any other provision of law, once every fifth year each county or the State shall appraise and equalize those properties under its jurisdiction. Property valuation must be complete at the end of December of the fourth year and the county or State shall notify every taxpayer of any change in value or classification if the change is one thousand dollars or more. In the fifth year, the county or State shall implement the program and assess all property on the newly appraised values.
(B) A county by ordinance may postpone for not more than one property tax year the implementation of revised values resulting from the equalization program provided pursuant to subsection (A). The postponement ordinance applies to all revised values, including values for state-appraised property. The postponement allowed pursuant to this subsection does not affect the schedule of the appraisal and equalization program required pursuant to subsection (A) of this section."
SECTION 2. This act takes effect upon approval by the Governor.
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