South Carolina General Assembly
119th Session, 2011-2012

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Indicates New Matter

H. 3298

STATUS INFORMATION

Joint Resolution
Sponsors: Rep. Lowe
Document Path: l:\council\bills\agm\18275htc11.docx

Introduced in the House on January 12, 2011
Currently residing in the House Committee on Ways and Means

Summary: Property tax exemptions

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/12/2011  House   Introduced and read first time (House Journal-page 27)
   1/12/2011  House   Referred to Committee on Ways and Means 
                        (House Journal-page 27)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/12/2011

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A JOINT RESOLUTION

TO EXTEND THE DEVELOPERS' MAXIMUM FIVE YEAR MULTIPLE SUBDIVISION LOT PROPERTY TAX DISCOUNT THROUGH PROPERTY TAX YEAR 2015 FOR THOSE LOTS ON WHICH THE DISCOUNT EXPIRES WITH PROPERTY TAX YEARS 2010 THROUGH 2014.

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

SECTION    1.    The maximum five year property tax discount allowed developers for multiple lots in subdivisions pursuant to Sections 12-43-224 and 12-43-225 of the 1976 Code is extended through property tax year 2015 for lots in the fifth and final year of the discounts in property tax years 2010 through 2014. The same terms and conditions for the discount provided pursuant to the referenced code sections apply during the extension.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

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