Scroll to History Page
Scroll to Previous Versions Links List
Scroll to Full Text
Download This Bill in Microsoft Word format

Bill 949

                    Current Status

Bill Number:                      949
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020130
Primary Sponsor:                  Thomas
All Sponsors:                     Thomas
Drafted Document Number:          l:\council\bills\bbm\10638htc02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Reassessment of owner occupied 
                                  residential property, allow extra six months 
                                  to pay portion of taxes during reassessment 
                                  year, special circumstances


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020130  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-45-77 SO AS TO ALLOW AN ADDITIONAL SIX MONTHS TO PAY THAT PORTION OF PROPERTY TAXES DUE FOR THE YEAR OF IMPLEMENTATION OF A REASSESSMENT PROGRAM ON AN OWNER-OCCUPIED RESIDENTIAL PROPERTY WHICH EXCEEDS ONE HUNDRED TEN PERCENT OF THE TAX DUE ON THE PROPERTY FOR THE PRIOR TAX YEAR.

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

SECTION 1. Chapter 45, Title 12 of the 1976 Code is amended by adding:

"Section 12-45-77. Notwithstanding the due dates and penalties for late payment provided in Section 12-45-180 and only for taxes due for the year of implementation of a county-wide reassessment program, if the owner of property classified pursuant to Section 12-43-220(c) pays before the first penalty date a portion of the total tax due equal to at least one hundred ten percent of the tax due on the property for the preceding tax year, then no penalty is due if the remaining balance is paid within six months of the original due date. This extension is allowed only to a property owner who paid taxes on the property for the prior tax year or that owner's surviving spouse. If the balance due is not timely paid, then there is added to the balance due a penalty equal to fifteen percent of the entire tax due on the property."

SECTION 2. This act takes effect upon approval by the Governor and applies for property tax years beginning after 2001.

This web page was last updated on Tuesday, December 8, 2009 at 11:15 A.M.