South Carolina House Bill 4170 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-01-12 - Referred to Committee on Ways and Means HJ-17
Pending: House Ways and Means Committee

A BILL TO AMEND SECTION 4-10-970, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO USES ALLOWED FOR REVENUES OF THE LOCAL OPTION TOURISM DEVELOPMENT FEE, SO AS TO ALLOW AMOUNTS UP TO TWENTY PERCENT OF THE REVENUE TO BE USED FOR PROPERTY TAX RELIEF FOR OWNER-OCCUPIED RESIDENTIAL PROPERTY AND FOR TOURISM-RELATED CAPITAL PROJECTS BEGINNING IN THE SECOND RATHER THAN THE THIRD YEAR OF IMPOSITION OF THE FEE, TO REQUIRE THE AMOUNTS USED FOR THESE PURPOSES TO BE RETAINED BY THE MUNICIPALITY WITH AT LEAST TWENTY PERCENT OF THE AMOUNT RETURNED USED AS A CREDIT AGAINST THE PROPERTY TAX LIABILITY OF OWNER-OCCUPIED RESIDENTIAL PROPERTY AND PROVIDE FOR THE CALCULATION OF THE CREDIT, AND TO PROVIDE FOR THE USE OF CREDITS IN EXCESS OF THE MUNICIPAL PROPERTY TAX LIABILITY.

Allow Amounts Up To Twenty Percent Of The Revenue To Be Used For Property Tax Relief For Owner-occupied Residential Property And For Tourism-related Capital Projects Beginning In The Second Rather Than The Third Year Of Imposition Of The Fee, To Require The Amounts Used For These Purposes To Be Retained By The Municipality With At Least Twenty Percent Of The Amount Returned Used As A Credit Against The Property Tax Liability Of Owner-occupied Residential Property And Provide For The Calculation Of The Credit, And To Provide For The Use Of Credits In Excess Of The Municipal Property Tax Liability.

Rep. Alan Clemmons [R]	Rep. Tracy Edge [R]	Rep. Nelson Hardwick [R]	Rep. George Hearn [R]
Rep. Thad Viers [R]

Date	Chamber	Action
2010-01-12		Referred to Committee on Ways and Means HJ-17
2010-01-12		Introduced and read first time HJ-17
2009-11-17		Referred to Committee on Ways and Means
2009-11-17		Prefiled

H4310 (Similar To) 2010-03-10 - Act No. 130

Chapter	Article	Section	Citation Type	Statute Text
4	10	970	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=4170&session=118