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H. 3943
STATUS INFORMATION
General Bill
Sponsors: Reps. Bowers, Lloyd and R. Brown
Document Path: l:\council\bills\ggs\22043htc03.doc
Companion/Similar bill(s): 582
Introduced in the House on April 8, 2003
Currently residing in the House Committee on Ways and Means
Summary: Property reassessment and equalization
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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4/8/2003 House Introduced and read first time HJ-80
4/8/2003 House Referred to Committee on Ways and Means HJ-81
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-43-217, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SCHEDULE OF REASSESSMENT AND EQUALIZATION REQUIRED IN A COUNTY FOR PURPOSES OF THE PROPERTY TAX, SO AS TO ALLOW THE GOVERNING BODY OF A COUNTY BY ORDINANCE TO POSTPONE FOR NOT MORE THAN TWO PROPERTY TAX YEARS, RATHER THAN ONE PROPERTY TAX YEAR, THE IMPLEMENTATION OF REVISED VALUES RESULTING FROM THE EQUALIZATION PLAN.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-217(B) of the 1976 Code is amended to read:
"(B) A county by ordinance may postpone for not more than one two property tax year years the implementation of revised values resulting from the equalization program provided pursuant to subsection (A). The postponement ordinance applies to all revised values, including values for state-appraised property. The postponement allowed pursuant to this subsection does not affect the schedule of the appraisal and equalization program required pursuant to subsection (A) of this section."
SECTION 2. This act takes effect upon approval by the Governor.
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