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A30, R72, S497
STATUS INFORMATION
General Bill
Sponsors: Senators Hayes, Peeler and Thomas
Document Path: l:\council\bills\ggs\22712htc03.doc
Introduced in the Senate on March 19, 2003
Introduced in the House on April 16, 2003
Passed by the General Assembly on April 25, 2003
Governor's Action: May 14, 2003, Signed
Summary: County governments; aircraft, property tax on
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/19/2003 Senate Introduced and read first time SJ-6
3/19/2003 Senate Referred to Committee on Finance SJ-6
4/9/2003 Senate Committee report: Favorable Finance SJ-23
4/10/2003 Senate Read second time SJ-12
4/10/2003 Senate Ordered to third reading with notice of amendments SJ-12
4/15/2003 Senate Read third time and sent to House SJ-56
4/16/2003 House Introduced and read first time HJ-7
4/16/2003 House Referred to Committee on Ways and Means HJ-7
4/23/2003 House Committee report: Favorable Ways and Means HJ-38
4/24/2003 House Read second time HJ-47
4/24/2003 House Unanimous consent for third reading on next legislative
day HJ-48
4/25/2003 House Read third time and enrolled HJ-6
5/8/2003 Ratified R 72
5/14/2003 Signed By Governor
5/23/2003 Copies available
5/23/2003 Effective date 05/14/03
6/11/2003 Act No. 30
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
(A30, R72, S497)
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-43-360 SO AS TO ALLOW THE GOVERNING BODY OF A COUNTY BY ORDINANCE TO REDUCE THE ASSESSMENT RATIO APPLICABLE TO GENERAL AVIATION AIRCRAFT SUBJECT TO PROPERTY TAX IN THE COUNTY TO AN AMOUNT NOT LESS THAN FOUR PERCENT OF THE FAIR MARKET VALUE OF THE AIRCRAFT.
Be it enacted by the General Assembly of the State of South Carolina:
Assessed value of aircraft
SECTION 1. Article 3, Chapter 43, Title 12 of the 1976 Code is amended by adding:
"Section 12-43-360. The governing body of a county by ordinance may reduce the assessment ratio otherwise applicable in determining the assessed value of general aviation aircraft subject to property tax in the county to a ratio not less than four percent of the fair market value of the general aviation aircraft. The ordinance must apply uniformly to all general aviation aircraft subject to property tax in the county."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 8th day of May, 2003.
Approved the 14th day of May, 2003.
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