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Bill 4886

                    Current Status

Bill Number:                      4886
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20020307
Primary Sponsor:                  Hinson
All Sponsors:                     Hinson, Merrill, Law, Gourdine and 
                                  Dantzler
Drafted Document Number:          l:\council\bills\pt\1796dw02.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Historic properties, granting of special 
                                  tax assessments to; must provide inventory of 
                                  all property located in historic area


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20020307  Introduced, read first time,           30 HWM
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 4-9-195, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF COUNTIES AND MUNICIPALITIES TO GRANT SPECIAL TAX ASSESSMENTS TO HISTORIC PROPERTIES, SO AS TO PROVIDE, THAT BEFORE AN APPLICATION IS FILED, THE OWNER OR ORGANIZATION SEEKING THE SPECIAL ASSESSMENT MUST PROVIDE AN INVENTORY OF ALL PROPERTY LOCATED IN THE HISTORIC AREA INCLUDING THEIR FAIR MARKET VALUES AS DETERMINED BY THE COUNTY ASSESSOR.

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

SECTION    1.    Section 4-9-195 of the 1976 Code, as last amended by Act 375 of 1992, is further amended by adding an appropriately lettered subsection at the end to read:

    "( )(1)    Before an application is filed, the owner or organization seeking application to have property receive the special property tax assessment must present the governing body where the property is located an inventory of all property in the proposed district, including their fair market values as determined by the county assessor.

        (2)    For purposes of this section, if the property is located in a municipality, the municipality is the approving governing body and if it is located in an unincorporated area, the county is the approving governing body."

SECTION    2.    This act takes effect upon approval by the Governor.

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