South Carolina General Assembly
121st Session, 2015-2016

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Indicates Matter Stricken
Indicates New Matter

H. 4451

STATUS INFORMATION

General Bill
Sponsors: Reps. Huggins, V.S. Moss, Clyburn and Atwater
Document Path: l:\council\bills\bbm\9387dg16.docx
Companion/Similar bill(s): 4453

Introduced in the House on January 12, 2016
Currently residing in the House Committee on Ways and Means

Summary: Property valuations

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/3/2015  House   Prefiled
   12/3/2015  House   Referred to Committee on Ways and Means
   1/12/2016  House   Introduced and read first time (House Journal-page 69)
   1/12/2016  House   Referred to Committee on Ways and Means 
                        (House Journal-page 69)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/3/2015

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-39-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ADJUSTMENTS IN PROPERTY VALUATIONS, SO AS TO REQUIRE APPROPRIATE ADJUSTMENTS IN THE VALUATION AND ASSESSMENT OF ANY REAL PROPERTY AND IMPROVEMENTS WHICH HAVE SUSTAINED DAMAGE AS A RESULT OF FLOODING, TO PROVIDE FOR REFUNDS IN CERTAIN SITUATIONS, AND TO SPECIFY APPLICABILITY.

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

SECTION    1.    Section 12-39-250(B) of the 1976 Code is amended to read:

"(B)    Notwithstanding any other provision of law, the county tax assessor or the County Board of Assessment Appeals, upon application of the taxpayer, must order the County Auditor to make appropriate adjustments in the valuation and assessment of any real property and improvements which have sustained damage as a result of fire or flooding provided that the application for correction of the assessment is made prior to before payment of the tax; however, if the fire or flooding occurred after October first of the property tax year and application is not made before the payment of the tax, the taxpayer must receive the appropriate refund. This section applies for the valuation and assessment in the year in which the damage is sustained. For subsequent years, a taxpayer may appeal valuation and assessment as provided by law."

SECTION    2.    This act takes effect upon approval by the Governor and applies to property tax years beginning after 2014.

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This web page was last updated on January 13, 2016 at 1:19 PM