1999-2000 Bill 3270: Political Subdivisions, Property Tax Reassessment Program; Proper

BIL: 3270

TYP: General Bill GB

INB: House

IND: 19990113

PSP: Davenport

SPO: Davenport

DDN: l:\council\bills\kgh\15138htc99.doc

RBY: House

COM: Ways and Means Committee 30 HWM

SUB: Political Subdivisions, property tax reassessment program; proper rollback millage used; Local government, counties

HST:

Body Date Action Description Com Leg Involved

______

House 19990113 Introduced, read first time, 30 HWM

referred to Committee

Printed Versions of This Bill

TXT:

A BILL

TO AMEND SECTION 6-1-320, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF THE GOVERNING BODY OF A POLITICAL SUBDIVISION TO RAISE PROPERTY TAX MILLAGE, SO AS TO REQUIRE A POLITICAL SUBDIVISION IN WHICH A PROPERTY TAX REASSESSMENT PROGRAM HAS BEEN IMPLEMENTED TO CERTIFY TO THE DEPARTMENT OF REVENUE THAT THE PROPER ROLLBACK MILLAGE IS BEING USED FOR THE TAX YEAR AND TO PROVIDE FOR A TWENTY PERCENT REDUCTION IN THE STATE AID TO SUBDIVISIONS DISTRIBUTION TO A POLITICAL SUBDIVISION FAILING TO USE THE APPLICABLE ROLLBACK MILLAGE.

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

SECTION 1. Section 6-1-320(A) of the 1976 Code, as added by Act 138 of 1997, is amended to read:

“(A) Notwithstanding Section 12-37-251(E), a A local governing body may only may increase the millage rate imposed for general operating purposes above the rate imposed for such purposes for the prior tax year to the extent of the increase in the consumer price index for the preceding fiscal year. However, in the year in which a reassessment program is implemented, the rollback millage, as calculated pursuant to Section 12-37-251(E), must be used in lieu of the previous year’s millage rate. Each local governing body shall certify to the Department of Revenue that the applicable rollback millage is being used for the reassessment year. If a political subdivision fails to certify that it is using the applicable rollback millage, the director of the Department of Revenue shall notify the state treasurer who shall withhold twenty percent of state revenues otherwise due the political subdivision under the State Aid to Subdivisions Act. Any amounts withheld pursuant to this subsection shall lapse to the general fund of the State.”

SECTION 2. This act takes effect July 1, 1999.

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