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TO AMEND SECTION 12-37-670, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO TAXATION OF A NEW STRUCTURE ON LAND, SO AS TO PROVIDE THAT A COUNTY MAY ALLOW BY ORDINANCE A LANDOWNER TO REPORT THE NEW STRUCTURE TO THE COUNTY AUDITOR AFTER THE CERTIFICATE OF OCCUPANCY IS ISSUED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-670 of the 1976 Code is amended to read:
"Section 12-37-670. (A) Each The owner of land on which any a new structures have structure has been erected which shall has not have been appraised for taxation shall list them it for taxation with the county auditor of the county in which they may be it is situate on or before the first day of March next after they shall become it becomes subject to taxation. No A new structure shall must not be listed or assessed until it is completed and fit for the use for which it is intended.
(B) Notwithstanding the provisions of subsection (A), a county governing body may by ordinance provide that an owner of land on which a new structure has been erected and which has not been appraised for taxation shall list the new structure for taxation with the county auditor of the county in which it is located by the first day of the next month after a certificate of occupancy is issued for the structure. A new structure must not be listed or assessed until it is completed and fit for the use for which it is intended, as evidenced by the issuance of the certificate of occupancy."
SECTION 2. This act takes effect upon approval by the Governor.
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