1999-2000 Bill 4950: Regulation No. 2474, Revenue Department, Property Taxation, Fees In

BIL: 4950

TYP: Joint Resolution JR

INB: House

IND: 20000413

PSP: Ways and Means Committee HWM 30

SPO: Ways and Means Committee

DDN: l:\council\bills\gjk\21233ac00.doc

RBY: Senate

COM: Finance Committee 06 SF

SUB: Regulation No. 2474, Revenue Department, property taxation, fees in lieu of property taxes

HST:

Body Date Action Description Com Leg Involved

______

Senate 20000426 Introduced, read first time, 06 SF

referred to Committee

House 20000425 Read third time, sent to Senate

House 20000419 Read second time

House 20000419 Request for debate by Representative Knotts

Whatley

Bailey

House 20000419 Reconsidered vote whereby

debate was adjourned

House 20000419 Debate adjourned

House 20000413 Introduced, read first time

Versions of This Bill

Revised on 20000413

TXT:

INTRODUCED

April 13, 2000

H.4950

Introduced by Ways and Means Committee

S. Printed 4/13/00--H.

Read the first time April 13, 2000.

[4950-1]

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE DEPARTMENT OF REVENUE, RELATING TO THE RESPONSIBILITIES OF THE COMPTROLLER GENERAL AND THE DEPARTMENT OF REVENUE WITH RESPECT TO PROPERTY TAXATION AND FEES IN LIEU OF PROPERTY TAXES, DESIGNATED AS REGULATION DOCUMENT NUMBER 2474, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

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

SECTION 1. The regulations of the Department of Revenue, relating to the responsibilities of the Comptroller General and the Department of Revenue with respect to property taxation and fees in lieu of property taxes, designated as Regulation Document Number 2474, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION 2. This joint resolution takes effect upon approval by the Governor.

XXX

SUMMARY AS SUBMITTED

BY PROMULGATING AGENCY.

In general, the Department of Revenue has jurisdiction over the duties involved with the proper assessment of property for tax purposes and the proper calculation of property taxes, while the Comptroller General supervises the collection of taxes and penalties and administers the Homestead Tax Exemption Program including the exemption from school operations found in Section 1237251, except for those functions specifically reserved to the Department of Revenue.

[4950] 1