H 3837 General Bill, By J.R. Smith, D.C. Smith, Lee, Stewart, Bowers, Davenport, 
Allen, Altman, Bailey, J. Brown, Cato, Chalk, Clemmons, Cobb-Hunter, Hamilton, 
J. Hines, Hosey, Kirsh, Leach, Loftis, Lucas, McCraw, Miller, Ott, Parks, Rice, 
F.N. Smith, G.R. Smith, W.D. Smith, Tripp, Vaughn and Young
 A BILL TO AMEND SECTION 12-39-250, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO CORRECTION OF PROPERTY TAX ASSESSMENTS AND ADJUSTMENTS IN
 VALUATION TO REFLECT FIRE DAMAGE, SO AS TO EXTEND THE VALUATION ADJUSTMENT
 REQUIRED FOR FIRE DAMAGE TO DAMAGE CAUSED BY ANOTHER CATASTROPHE.

   03/31/05  House  Introduced and read first time HJ-29
   03/31/05  House  Referred to Committee on Ways and Means HJ-29

TO AMEND SECTION 12-39-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CORRECTION OF PROPERTY TAX ASSESSMENTS AND ADJUSTMENTS IN VALUATION TO REFLECT FIRE DAMAGE, SO AS TO EXTEND THE VALUATION ADJUSTMENT REQUIRED FOR FIRE DAMAGE TO DAMAGE CAUSED BY ANOTHER CATASTROPHE.

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

SECTION    1.    Section 12-39-250(B) of the 1976 Code is amended to read:

"(B)    Notwithstanding any other provision of law, the county tax assessor or the county board of assessment appeals, upon application of the taxpayer, must order the county auditor to make appropriate adjustments in the valuation and assessment of any real property and improvements which have sustained damage as a result of fire or other catastrophe provided that the application for correction of the assessment is made prior to payment of the tax."

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