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May 12, 2005
L. Printed 5/12/05--S.
Read the first time May 12, 2005.
TO PROVIDE THAT FOR THE UPCOMING REASSESSMENT YEAR UPON THE INCREASE IN THE VALUE OF THE MILL, THE GREENVILLE COUNTY SCHOOL SYSTEM SHALL ROLL BACK THE MILLAGE FOR THE ADDED AMOUNT OF NEW TAXES THAT COME IN FROM THE REASSESSMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. For the upcoming reassessment year upon the increase in the value of the mill, the Greenville County School System shall roll back the millage for the added amount of new taxes that come in from the reassessment. This provision is applicable to the use of mills for any purpose including bonded indebtedness or the payment or proposed payment for any lease purchase of school buildings.
SECTION 2. This act takes effect upon approval by the Governor.
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