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A318, R360, H4320
STATUS INFORMATION
Joint Resolution
Sponsors: Rep. McLeod
Document Path: l:\council\bills\nbd\11868ac03.doc
Introduced in the House on May 28, 2003
Introduced in the Senate on January 14, 2004
Passed by the General Assembly on June 1, 2004
Governor's Action: No signature required
Summary: proposed amendment to the Constitution of South Carolina
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 5/28/2003 House Introduced and read first time HJ-141 5/28/2003 House Referred to Committee on Ways and Means HJ-142 6/4/2003 House Recalled from Committee on Ways and Means HJ-56 6/5/2003 Scrivener's error corrected 1/13/2004 House Read second time HJ-121 1/13/2004 House Roll call Yeas-114 Nays-0 HJ-123 1/14/2004 House Read third time and sent to Senate HJ-16 1/14/2004 Senate Introduced and read first time SJ-13 1/14/2004 Senate Referred to Committee on Finance SJ-13 5/19/2004 Senate Committee report: Favorable Finance SJ-39 5/20/2004 Senate Read second time SJ-40 6/1/2004 Senate Read third time and enrolled SJ-21 6/2/2004 Ratified R 360 6/2/2004 No signature required 8/4/2004 Copies available 8/4/2004 Effective date 06/02/04 10/20/2004 Act No. 318
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
5/28/2003
6/4/2003
6/5/2003
5/19/2004
(A318, R360, H4320)
A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 1, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE CLASSIFICATION OF PROPERTY AND APPLICABLE ASSESSMENT RATIOS FOR PURPOSES OF PROPERTY TAX, SO AS TO DELETE THE SPECIFIC LIMIT OF TEN SHAREHOLDERS FOR A CORPORATION TO BE ELIGIBLE FOR A FOUR PERCENT ASSESSMENT RATIO ON ITS AGRICULTURAL REAL PROPERTY AND PROVIDE THAT THE GENERAL ASSEMBLY SHALL PROVIDE BY LAW THE MAXIMUM NUMBER OF SHAREHOLDERS FOR A CORPORATION TO BE ELIGIBLE FOR SUCH AN ASSESSMENT RATIO.
Be it enacted by the General Assembly of the State of South Carolina:
Proposed constitutional amendment
SECTION 1. It is proposed that Section 1(4)(A)(i), Article X of the Constitution of this State be amended to read:
"(i) have more shareholders than the General Assembly shall provide by law;"
Statement of the question
SECTION 2. The proposed amendment must be submitted to the qualified electors at the next general election for representatives. Ballots must be provided at the various voting precincts with the following words printed or written on the ballot:
"Must Section 1, Article X of the Constitution of this State relating to the classification of property and applicable assessment ratios for purposes of property tax be amended so as to delete the specific limit of ten shareholders as the most shareholders a corporation may have for it to be eligible for a four percent assessment ratio on its agricultural real property and provide that the General Assembly shall provide by law the maximum number of shareholders a corporation may have to be eligible for the four percent assessment ratio?
Those voting in favor of the question shall deposit a ballot with a check or cross mark in the square after the word 'yes', and those voting against the question shall deposit a ballot with a check or cross mark in the square after the word 'No'."
Ratified the 2nd day of June, 2004.
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