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Bill 3334

                    Current Status

Bill Number:                      3334
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990121
Primary Sponsor:                  Davenport
All Sponsors:                     Davenport, Lee, Allison, Rodgers, 
                                  Barfield, Witherspoon
Drafted Document Number:          l:\council\bills\kgh\15202htc99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax assessments, counties 
                                  reassessment program, rollback millage review; 
                                  Taxation, Political Subdivisions


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990202  Co-Sponsor added (Rule 5.2) by Rep.            Rodgers
                                                                 Barfield
                                                                 Witherspoon
House   19990121  Introduced, read first time,           30 HWM
                  referred to Committee


                             Versions of This Bill

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-218 SO AS TO REQUIRE THE SOUTH CAROLINA DEPARTMENT OF REVENUE TO REVIEW THE CALCULATION OF THE ROLLBACK MILLAGE FOR EACH PROPERTY TAXING JURISDICTION IN A COUNTY FOR THE PROPERTY TAX YEAR A REASSESSMENT PROGRAM IS IMPLEMENTED IN THE COUNTY AND TO REQUIRE PROPERTY TAX REVENUES ATTRIBUTABLE TO ANY MILLAGE IMPOSED IN EXCESS OF THE ROLLBACK MILLAGE TO BE HELD IN A SEPARATE FUND WHICH MAY BE USED ONLY TO REDUCE MILLAGE APPLICABLE FOR THE NEXT PROPERTY TAX YEAR.

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

SECTION 1. Article 3, Chapter 43, Title 12 of the 1976 Code, is amended by adding:

"Section 12-43-218. The South Carolina Department of Revenue shall review for accuracy the calculations of the rollback millage applied in each property taxing jurisdiction in a county following the implementation of a countywide reappraisal and equalization program. Where that review determines that a jurisdiction has imposed a millage rate in excess of the maximum rollback millage, the department shall notify the governing body of the affected jurisdiction and the governing body shall calculate the property tax revenue attributable to the excess and cause it to be transferred into an account separate from the general fund of the jurisdiction which may be used only to offset millage otherwise required to be imposed in the next property tax year."

SECTION 2. This act takes effect July 1, 1999.

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