Bill > H3499

This resolution proposes a constitutional amendment to South Carolina's Article X, establishing a Taxpayer's Bill of Rights (TABOR) that significantly constrains government taxation and spending. The amendment would require voter approval for any new taxes, tax increases, new fees, fee increases, or debt creation, with these votes to be held during odd-numbered year general elections. The resolution mandates that at least 30 days before such an election, detailed notices must be mailed to registered voters explaining the proposed changes, including current spending levels, estimated increases, and balanced summaries for and against the proposal. The amendment would also limit annual government spending increases to the rate of inflation plus population growth, with any excess revenue required to be refunded to taxpayers. In emergency situations, tax increases would require a two-thirds majority vote by the legislative body and must be refunded within 180 days if not used for the declared emergency. The proposed amendment would be submitted to voters with a ballot question asking if they approve adding these taxpayer protection provisions to the state constitution, with voters able to choose "Yes" or "No" to ratify the changes.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=3499&session=126&summary=B