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S. 865

STATUS INFORMATION

General Bill
Sponsors: Senators Alexander, O'Dell, Short and Knotts
Document Path: l:\council\bills\bbm\10206htc08.doc

Introduced in the Senate on January 8, 2008
Introduced in the House on March 12, 2008
Currently residing in the House Committee on Ways and Means

Summary: Property tax bill

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/5/2007  Senate  Prefiled
   12/5/2007  Senate  Referred to Committee on Finance
    1/8/2008  Senate  Introduced and read first time SJ-34
    1/8/2008  Senate  Referred to Committee on Finance SJ-34
    3/5/2008  Senate  Committee report: Favorable with amendment Finance SJ-12
    3/6/2008  Senate  Committee Amendment Adopted SJ-6
    3/6/2008  Senate  Read second time SJ-6
   3/11/2008  Senate  Read third time and sent to House SJ-10
   3/12/2008  House   Introduced and read first time HJ-11
   3/12/2008  House   Referred to Committee on Ways and Means HJ-11

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/5/2007
3/5/2008
3/6/2008
3/7/2008

Indicates Matter Stricken

Indicates New Matter

COMMITTEE AMENDMENT ADOPTED

March 6, 2008

S. 865

S. Printed 3/6/08--S.    [SEC 3/7/08 3:21 PM]

Read the first time January 8, 2008.

TO AMEND SECTION 12-43-350, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REQUIREMENTS FOR THE STANDARDIZED PROPERTY TAX BILL, SO AS TO REVISE THESE REQUIREMENTS TO REFLECT THE EXEMPTION FROM MILLAGE IMPOSED FOR SCHOOL OPERATIONS FOR OWNER-OCCUPIED RESIDENTIAL PROPERTY AND THE AMOUNT REIMBURSED THE SCHOOL DISTRICT FROM THE HOMESTEAD EXEMPTION FUND FOR THAT EXEMPTION AND TO REFLECT ANY CREDIT AGAINST THE PROPERTY TAX LIABILITY FOR COUNTY OPERATIONS ON OWNER-OCCUPIED RESIDENTIAL PROPERTY ATTRIBUTABLE TO EXCESS BALANCES IN THE HOMESTEAD EXEMPTION FUND.

Amend Title To Conform

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

SECTION    1.    Section 12-43-350 of the 1976 Code is amended to read:

"Section 12-43-350.    Affected political subdivisions must use a tax bill for real property which that contains standard information as follows:

(1)    tax year;

(2)    tax map number;

(3)    property location;

(4)    appraised value, taxable;

(5)    tax amount;

(6)    state homestead tax exemption pursuant to Section 12-37-250, if applicable;

(7)    state property tax relief, if applicable homestead tax exemption pursuant to Section 12-37-220(B)(47) and the estimated value of the exemption and the amount of any credit against the property tax liability for county operations on owner-occupied residential property attributable to an excess balance in the Homestead Exemption Fund;

(8)    local option sales tax credit, if applicable;

(9)    any applicable fees;

(10)    total tax due;

(11)    tax due with penalties and applicable dates;

(12)    prior year amount paid-only required to be shown if assessment is unchanged from prior year, except during reassessment years, in which case all properties must show the prior year tax amount.

The information required pursuant to this section must be contained in a 'boxed' area measuring at least three inches square placed on the right side of the tax bill."

SECTION    2.    This act takes effect upon approval by the Governor and applies for property tax years beginning after 2007.

This web page was last updated on Monday, October 10, 2011 at 1:29 P.M.