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Bill 3113

                    Current Status

Bill Number:                      3113
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990112
Primary Sponsor:                  Cobb-Hunter
All Sponsors:                     Cobb-Hunter, Jennings
Drafted Document Number:          l:\council\bills\nbd\11042mm99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property Tax Relief Fund, reimbursement 
                                  to school districts insufficient for base year 
                                  operating millage; Board duties


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990112  Introduced, read first time,           30 HWM
                  referred to Committee
House   19981216  Prefiled, referred to Committee        30 HWM


                             Versions of This Bill

TO AMEND SECTION 12-37-251, AS AMENDED, OF THE 1976 CODE, RELATING TO THE PROPERTY TAX RELIEF FUND, SO AS TO PROVIDE THAT TAXING DISTRICTS OTHER THAN JUST SCHOOL DISTRICT, BE REIMBURSED FROM THE PROPERTY TAX RELIEF FUND, TO PROVIDE FOR THE REIMBURSEMENT ON A PER CAPITA BASIS FROM REVENUES CREDITED TO THE STATE PROPERTY TAX RELIEF FUND, AND TO PROVIDE THAT IF THE AMOUNT REIMBURSED TO A SCHOOL DISTRICT IS INSUFFICIENT TO REIMBURSE FULLY FOR THE BASE YEAR OPERATING MILLAGE, THE SCHOOL BOARD SHALL CALCULATE A SCHOOL OPERATING MILLAGE SUFFICIENT TO MAKE UP THE SHORTFALL.

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

Section 1. Section 12-37-251 (B) of the 1976 Code, as last amended by Act 155 of 1997, is further amended to read:

"(B) School Taxing districts must be reimbursed, in the manner provided in Section 12-37-270, for the revenue lost as a result of the homestead exemption provided in this section except that ninety on a per capita basis from revenues credited to the State Property Tax Relief Fund. Ninety percent of the reimbursement must be paid in the last quarter of the calendar year on December first. If amounts received by a school district pursuant to this distribution are insufficient to reimburse fully for the base year operating millage, the local school board, within its authority, shall decide how to make up the shortfall, if necessary. Amounts received by a district in excess of the amount necessary to reimburse the district for the base year operating millage may be retained by the district."

SECTION 2. This act takes effect upon approval by the Governor for property tax years beginning after 1999.

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