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Indicates Matter Stricken
Indicates New Matter
S. 73
STATUS INFORMATION
Joint Resolution
Sponsors: Senator Knotts
Document Path: l:\council\bills\ggs\22833htc05.doc
Introduced in the Senate on January 11, 2005
Currently residing in the Senate Committee on Judiciary
Summary: Provisions for eliminating property tax by local government
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/8/2004 Senate Prefiled
12/8/2004 Senate Referred to Committee on Judiciary
1/11/2005 Senate Introduced and read first time SJ-115
1/11/2005 Senate Referred to Committee on Judiciary SJ-115
2/10/2005 Senate Referred to Subcommittee: Martin (ch), Malloy, Campsen,
Williams
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
PROPOSING AN AMENDMENT TO ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO FINANCE AND TAXATION, BY ADDING A NEW SECTION SO AS TO PROVIDE THAT BEGINNING ON JANUARY 1, 2008, NO AD VALOREM TAXATION ON ANY REAL PROPERTY IS PERMITTED IN THIS STATE BY ANY LOCAL GOVERNMENT TAXING ENTITY, TO PROVIDE THAT THE GENERAL ASSEMBLY BY LAW, BEFORE JANUARY 1, 2008, MUST PROVIDE FOR THE FUNDING MECHANISMS THE STATE OR THESE LOCAL GOVERNMENT TAXING ENTITIES MAY USE TO REPLACE THE REVENUE LOST AS A RESULT OF THIS PROHIBITION, AND TO PROVIDE EXCEPTIONS TO THE ABOVE FOR THE PURPOSE OF AVOIDING DEFAULT ON GENERAL OBLIGATION DEBT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. It is proposed that Article X of the Constitution of this State be amended by adding a new section to be appropriately numbered to read:
"Section _____. Notwithstanding the provisions of this article, beginning on January 1, 2008, no ad valorem taxation on any real property is permitted in this State by any local government taxing entity, and the General Assembly by law before January 1, 2008, must provide for the funding mechanisms the State or these local government taxing entities may use, not including an ad valorem tax on real property, to replace the revenue lost as a result of this prohibition. The provisions of this section do not apply in any circumstances where it is necessary to impose an ad valorem tax on real property to avoid defaulting on general obligation debt of the State or a local government taxing entity."
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 Article X of the Constitution of this State be amended so as to provide that beginning on January 1, 2008, no ad valorem taxation on any real property is permitted in this State by any local government taxing entity, to provide that the General Assembly by law, before January 1, 2008, must provide for the funding mechanisms the State or these local government taxing entities may use to replace the revenue lost as a result of this prohibition, and to provide exceptions to the above for the purpose of avoiding default on general obligation debt?
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'."
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