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Bill 3383

                    Current Status

Bill Number:                      3383
Type of Legislation:              Joint Resolution JR
Introducing Body:                 House
Introduced Date:                  19990127
Primary Sponsor:                  Vaughn
All Sponsors:                     Vaughn, Rice, Haskins 
Drafted Document Number:          l:\council\bills\kgh\15232htc99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Property tax assessments, personal on 
                                  motor vehicles, motorcycles; new 
                                  classification created; Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990127  Introduced, read first time,           30 HWM
                  referred to Committee


                             Versions of This Bill

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 CREATE A NEW CLASS OF PERSONAL PROPERTY CONSISTING OF PRIVATE PASSENGER MOTOR VEHICLES AND MOTORCYCLES, AS DEFINED BY LAW, ASSESSED AT TEN AND ONE-HALF PERCENT OF FAIR MARKET VALUE OR SOME PERCENTAGE LESS THAN TEN AND ONE-HALF PERCENT SET BY THE GOVERNING BODY OF EACH PROPERTY TAXING ENTITY IN A COUNTY.

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

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

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

(B) Private passenger motor vehicles and motorcycles, as defined by law, otherwise assessed pursuant to subitem (A) of this item, must be taxed on an assessment equal to ten and one-half percent of fair market value or some percentage of fair market value less than ten and one-half percent set by the governing body of each property taxing entity in the county."

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, be amended so as to establish a separate class of property for purposes of the property tax consisting of private passenger motor vehicles and motorcycles, as defined by law, which must be assessed for property tax at ten and one-half percent of fair market value or some percentage less than ten and one-half percent as set by the governing body of each property taxing entity in the county?

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'."

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