Senator Senn proposes the following amendment (SR-3681.JG0019S):

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

SECTION X. Chapter 1, Title 6 of the S.C. Code is amended by adding:

 Section 6-1-195.(A) "Short term rental" means any individually or collectively owned residential house or dwelling unit or group of units that is rented wholly or partially for residential use for a fee and for any period of time fewer than ninety consecutive days. 

(B) A political subdivision, governing body of a municipality, county, or other political subdivisions of this State may not enact any laws, ordinances, or rules or enforce any ordinances, resolutions, or regulations that prohibit short-term rentals at properties assessed at the six percent  rate.

(C)(1) A political subdivision, governing body of a municipality, county, or other political subdivisions of this State that assess or collects the six percent property assessment ratio for qualifying real property pursuant to Section 12-43-220(e) in violation of subsection (B) shall not be allowed to collect more than a four percent property assessment ratio.