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Bill 3285

                    Current Status

Bill Number:                      3285
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990119
Primary Sponsor:                  Cobb-Hunter
All Sponsors:                     Cobb-Hunter, M. McLeod, Bales, Ott, Hayes
Drafted Document Number:          l:\council\bills\ggs\22102sd99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property Tax Relief Fund, school district 
                                  reimbursement on per capita basis, funds, 
                                  operating millage; Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990119  Co-Sponsor added (Rule 5.2) by Rep.            Hayes
House   19990119  Co-Sponsor added (Rule 5.2) by Rep.            Ott
Senate  19990119  Introduced, read first time,           30 HWM
                  referred to Committee


                             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 REVISE HOW SCHOOL DISTRICTS SHALL BE REIMBURSED FROM THE PROPERTY TAX RELIEF FUND, INCLUDING A PROVISION FOR REIMBURSEMENT ON A PER CAPITA BASIS, TO PROVIDE FOR THE MANNER IN WHICH DISTRICTS MUST USE THESE FUNDS RECEIVED, 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, AND TO PROVIDE THAT NO DISTRICT SHALL RECEIVE LESS THAN IT RECEIVED DURING THE 1998-99 FISCAL YEAR.

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 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 must first be used to reduce any operating millage imposed since the 1995 base year, must next be used for school debt service purposes and any funds remaining may then be retained by the district. Notwithstanding the above provisions, no district shall receive less than the dollar amount of reimbursement it received during fiscal year 1998-99."

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

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