SC H3293 | 2009-2010 | 118th General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 15 2009 - 25% progression, died in committee
Action: 2009-01-15 - Referred to Committee on Ways and Means HJ-420
Pending: House Ways and Means Committee

Summary

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 6, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO PROPERTY TAX AND THE METHOD OF VALUATION OF REAL PROPERTY AND THE LIMITS ON INCREASES IN THE VALUE OF REAL PROPERTY FOR PURPOSES OF THE PROPERTY TAX, SO AS TO REQUIRE THE GENERAL ASSEMBLY TO PROVIDE BY LAW A DEFINITION OF "FAIR MARKET VALUE" FOR REAL PROPERTY FOR PURPOSES OF THE PROPERTY TAX, TO ELIMINATE THE FIFTEEN PERCENT LIMIT ON INCREASES IN THE VALUE OF REAL PROPERTY UP TO FIVE YEARS AND TO ELIMINATE AN ASSESSABLE TRANSFER OF INTEREST AS AN EVENT CHANGING THE VALUE OF THE REAL PROPERTY.

Tracking Information

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Title

Require The General Assembly To Provide By Law A Definition Of "fair Market Value" For Real Property For Purposes Of The Property Tax, To Eliminate The Fifteen Percent Limit On Increases In The Value Of Real Property Up To Five Years And To Eliminate An Assessable Transfer Of Interest As An Event Changing The Value Of The Real Property.

Sponsors


History

DateChamberAction
2009-01-15 Referred to Committee on Ways and Means HJ-420
2009-01-15 Introduced and read first time HJ-420

Same As/Similar To

H4934 (Similar To) 2010-05-04 - Referred to Committee on Ways and Means HJ-26

South Carolina State Sources


Bill Comments

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