A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 6-1-970, RELATING TO EXEMPTIONS FROM IMPACT FEES, SO AS TO EXEMPT THE PURCHASE OF RESIDENTIAL STRUCTURES ASSESSED AT FOUR PERCENT IF THE PURCHASER HAD ANOTHER SIMILAR RESIDENCE WITHIN THE SAME SCHOOL DISTRICT FOR THE PREVIOUS FIFTEEN YEARS.

 

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

 

SECTION 1.  Section 6-1-970 of the S.C. Code is amended by adding:

 

    (10) the purchase of a residential structure for which the purchaser claims the special assessment ratio allowed pursuant to Section 12-43-220(c) in the first year of eligibility if the purchaser claimed the special assessment ratio allowed pursuant to Section 12-43-220(c) on another residence within the same school district for the previous fifteen property tax years. The exemption allowed by this item only applies to fees charged for public facilities for grades K-12 as defined in Section 6-1-920(18)(i). A purchaser exempt pursuant to this item is entitled to a refund of the impact fee if the fee has been paid.

 

SECTION 2.  This act takes effect upon approval by the Governor.

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