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Session 120 - (2013-2014)Printer Friendly
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S 0992 General Bill, By Malloy
Summary: School districts
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-17-180 SO AS TO PROVIDE THAT IF A SCHOOL DISTRICT HAS IN ITS UNASSIGNED FUND BALANCE MORE THAN TWENTY-FIVE PERCENT OF ITS OPERATING BUDGET, THEN THE COUNTY AUDITOR MUST GRANT EACH TAXPAYER PAYING SCHOOL OPERATING TAXES A NONREFUNDABLE SCHOOL PROPERTY TAX CREDIT EQUAL TO THE TAXPAYER'S PRO RATA SHARE OF THE EXCESS.
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Summary: School districts
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-17-180 SO AS TO PROVIDE THAT IF A SCHOOL DISTRICT HAS IN ITS UNASSIGNED FUND BALANCE MORE THAN TWENTY-FIVE PERCENT OF ITS OPERATING BUDGET, THEN THE COUNTY AUDITOR MUST GRANT EACH TAXPAYER PAYING SCHOOL OPERATING TAXES A NONREFUNDABLE SCHOOL PROPERTY TAX CREDIT EQUAL TO THE TAXPAYER'S PRO RATA SHARE OF THE EXCESS.
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| 02/04/14 | Senate | Introduced and read first time (Senate Journal-page 11) |
| 02/04/14 | Senate | Referred to Committee on Education (Senate Journal-page 11) |