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Bill 11

                    Current Status

Bill Number:                      11
Ratification Number:              178
Act Number:                       130
Type of Legislation:              Joint Resolution JR
Introducing Body:                 Senate
Introduced Date:                  19990112
Primary Sponsor:                  Drummond
All Sponsors:                     Drummond, Elliott, Leventis, Rankin, 
                                  Reese, Short
Drafted Document Number:          l:\s-res\jwd\001clas.whb.doc
Date Bill Passed both Bodies:     19990622
Date of Last Amendment:           19990603
Subject:                          Property tax assessment, new class of 
                                  personal motor vehicles and pickup trucks; 
                                  Taxation, Exemptions, Constitution


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
------  19990819  Act No. A130
------  19990624  Ratified R178
House   19990622  Concurred in Senate amendment, 
                  enrolled for ratification
Senate  19990603  House amendments amended,
                  returned to House with amendment
House   19990603  Read third time, returned to Senate 
                  with amendment
House   19990602  Amended, read second time
House   19990602  Set by Special Order under H.4214
House   19990601  Committee report: Favorable with       30 HWM
                  amendment
House   19990527  Introduced, read first time,           30 HWM
                  referred to Committee
Senate  19990526  Read third time, sent to House
Senate  19990406  Debate interrupted by adjournment
Senate  19990318  Debate adjourned until
                  Thursday, 19990401
Senate  19990317  Amended, read second time, 
                  ordered to third reading 
                  with notice of general amendments
Senate  19990304  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 4, 1999 - Word format
Revised on March 17, 1999 - Word format
Revised on June 1, 1999 - Word format
Revised on June 2, 1999 - Word format
Revised on June 3, 1999 - Word format

(A130, R178, S11)

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO ASSESSMENT RATIOS AND CLASSES OF PROPERTY FOR PURPOSES OF THE PROPERTY TAX, SO AS TO ESTABLISH A NEW CLASS OF PROPERTY CONSISTING OF PERSONAL MOTOR VEHICLES WHICH MUST BE TITLED BY A STATE OR FEDERAL AGENCY AND LIMITED TO PASSENGER MOTOR VEHICLES AND PICKUP TRUCKS AS DEFINED BY LAW ASSESSED FOR PROPERTY TAX AT NINE AND SEVENTY-FIVE HUNDREDTHS PERCENT OF FAIR MARKET VALUE REDUCED IN ANNUAL INCREMENTS OF SEVENTY-FIVE HUNDREDTH OF ONE PERCENT OVER SIX YEARS TO A PERMANENT RATE OF SIX PERCENT OF FAIR MARKET VALUE AND TO PROVIDE THAT THESE REVISED ASSESSMENT RATIOS AND THE NEW CLASS OF PROPERTY APPLIES FOR PROPERTY TAX YEARS BEGINNING AFTER 2001 OR IN EARLIER TAX YEARS AS THE GENERAL ASSEMBLY MAY PROVIDE BY LAW.

Be it enacted by the General Assembly of the State of South Carolina:

Reduction of assessment ratios, new class of property

SECTION 1. It is proposed that Section 1(8), Article X of the Constitution of this State be amended to read:

"(8)(A) Except as provided in subitem (B) of this item, all other personal property must be taxed on an assessment equal to ten and one-half percent of the fair market value of the property.

(B)(1) Personal motor vehicles which must be titled by a state or federal agency, limited to passenger motor vehicles and pickup trucks, as defined by law, must be taxed on an assessment equal to the following percentage of fair market value of the property:

Property Tax Year Percentage

year 1 9.75

year 2 9.00

year 3 8.25

year 4 7.50

year 5 6.75

year 6 and after 6.00.

(2) This subitem applies for property tax years beginning after 2001, or for earlier tax years as the General Assembly may provide by law."

Question to be placed on the ballot

SECTION 2. The proposed amendment must be submitted to the qualified electors at the next general election for representatives. Ballots must be provided at the various voting precincts with the following words printed or written on the ballot:

"Must Section 1(8), Article X of the Constitution of this State relating to assessment ratio on 'all other personal property', be amended so as to establish a separate class of property for purposes of the property tax consisting of personal motor vehicles which must be titled by a state or federal agency, limited to passenger motor vehicles and pickup trucks, as defined by law, which must be assessed for property tax at the rate of nine and seventy-five hundredths percent of fair market value declining in equal annual reductions over six years to a permanent rate of six percent; and to define property tax year as property tax years beginning after 2001 or such earlier tax years as the General Assembly may provide by law?

Those voting in favor of the question shall deposit a ballot with a check or cross mark in the square after the word 'Yes', and those voting against the question shall deposit a ballot with a check or cross mark in the square after the word 'No'."

Ratified the 24th day of June, 1999.

This web page was last updated on Wednesday, December 9, 2009 at 9:03 A.M.