summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend Sections 1 And 2 Of Article X, Of The Constitution Of South Carolina, 1895, Both Relating To Property Tax, So As To Provide That The General Assembly May Determine By Law The Classifications And Assessment Ratios Of Such Property.
AI Summary
This resolution proposes a constitutional amendment to allow the South Carolina General Assembly to determine by law the classifications and assessment ratios for property taxes. Currently, the State Constitution outlines specific assessment ratios for different types of property, such as manufacturers, utilities, transportation companies, legal residences, agricultural land, and other real and personal property. This amendment would grant the General Assembly the authority to change these classifications and the percentage of fair market value used for taxation (assessment ratios) for various property types, potentially allowing for more flexibility in tax policy. The proposed changes would be submitted to voters for approval in a general election.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Committee on Finance (on 01/14/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=0815&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/815_20260114.htm |
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