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Indicates Matter Stricken
Indicates New Matter
RECALLED
May 6, 1999
H. 3963
S. Printed 5/6/99--H.
Read the first time April 21, 1999.
TO AMEND SECTION 12-43-217, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SCHEDULE OF COUNTYWIDE REASSESSMENT AND EQUALIZATION PROGRAM, SO AS TO PROVIDE FOR A DELAY IN THE IMPLEMENTATION OF THE REVISED VALUES RESULTING FROM SUCH A PROGRAM IN JURISDICTIONS WHICH CROSS COUNTY LINES EXCEPT WHERE ALL COUNTIES IN WHICH THE JURISDICTIONS LOCATED SIMULTANEOUSLY IMPLEMENT SUCH A PROGRAM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-217 of the 1976 Code, as last amended by Act 431 of 1996, is further amended to read:
"Section 12-43-217. (A) Notwithstanding any other provision of law, once every fifth year each county or the State shall appraise and equalize those properties under its jurisdiction. Property valuation must be complete at the end of December of the fourth year, and the county or State shall notify every taxpayer of any change in value or classification if the change is one thousand dollars or more. In the fifth year, the county or State shall implement the program and assess all property on the newly appraised values.
(B) If a jurisdiction imposing property taxes crosses county lines and the program required pursuant to subsection (A) is not simultaneously implemented in all counties in which the jurisdiction is located, then the implementation of the reassessment and equalization program required pursuant to subsection (A) is postponed in that jurisdiction until such a program has been implemented within the last five years in all counties in which the jurisdiction is located."
SECTION 2. This act takes effect upon approval by the Governor and applies for county reassessment and equalization plans implemented after 1998.
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