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H. 4721
STATUS INFORMATION
General Bill
Sponsors: Reps. Hamilton, Brantley, King, Allison, Anderson, R.L. Brown, Clemmons, Erickson, Govan, Hosey, Littlejohn, Long, Lowe, Parker, Sottile and Stringer
Document Path: l:\council\bills\bbm\9621htc10.docx
Introduced in the House on March 9, 2010
Currently residing in the House Committee on Ways and Means
Summary: Assessment ratio
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/9/2010 House Introduced and read first time HJ-63
3/9/2010 House Referred to Committee on Ways and Means HJ-63
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 12-43-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE CLASSIFICATIONS OF PROPERTY AND THE ASSESSMENT RATIOS FOR THE CLASSIFICATIONS FOR PURPOSES OF PROPERTY TAX, SO AS TO PROVIDE THAT NO ADDITIONAL PROPERTY TAX IS DUE FOR ANY PRIOR PROPERTY TAX YEAR ON A PARCEL OF REAL PROPERTY BECAUSE OF AN ERRONEOUS CLASSIFICATION OF THE PARCEL WHEN THAT ERROR WAS NOT THE RESULT OF ANY ACT OR OMISSION OF THE CURRENT OWNER OF THE PARCEL.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-43-220 of the 1976 Code, as last amended by Act 76 of 2009, is further amended by adding a new item at the end to read:
"(h) No additional property tax is due for any prior property tax year as a result of an erroneous classification of a parcel of real property if the error was not the result of any act or omission of the current owner of the parcel with respect to the correct classification of that parcel."
SECTION 2. This act takes effect upon approval by the Governor and applies for tax notices issued for property tax years ending after 2008.
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