meaningful property tax reform dies in the Senate
Although I have supported every effort to slash your property taxes, they have all failed. Once again proponents of reform have lost yet another battle in the “deliberative” body of the SC General Assembly. We now have a last gasp on property tax reform. This allows for a local option to remove operating expenses from your property tax bill by local government. The author, Sen. Chip Campsen (R-Charleston) has voted in favor of all of the meaningful reform proposals.
Local Option Property Tax Relief Act
Part 1 - School Operations Relief for Primary Residences, Business Personal and Other Personal Property
-Permits a county-by-county referendum on property tax relief for school operations on primary residences, business personal and other personal property.
-Counties could opt-in to just enough county-wide increase in the sales tax to provide this relief for primary residences, business personal and other personal property (see attached sheet for how much sales tax would be required in each county)
-Either County Council or 7% of electorate by petition initiative can put the Local Option Property Tax Relief measure on the November ballot
-Would eliminate approximately 50% of total property taxes on primary residences business personal and other personal property (statewide average is 49.3% - each county will vary)
-Sales tax revenue considered a part of local maintenance of effort
Part 2 - Statewide Tax Relief from a ¼ Cent Increase to the Statewide Sales Tax
-Circuit Breaker Income Tax Credit when property tax on primary residence exceeds 5% of income - 100% refundable tax credit for households at or below the median household income in SC & 50% refundable tax credit for households above the median household income
-Income Tax Credit equal to 4% of total property tax paid on commercial/rental property
-Does not affect school funding formulas
Part 3 - Other Provisions
-Quarterly property tax payment
-New property on tax roles sooner
-Local millage cap to protect business
-Rolling reserve fund in school districts to cushion volatility in sales tax revenue
-BEA balanced
April 20th, 2006 at 1:34 am
Your constituents should be proud of you. We live in Greenville, SC and was wondering if you could publish a list of members with their voting records on the property tax debate in the SC Senate.
April 20th, 2006 at 1:35 am
Your constituents should be proud of you. We live in Greenville, SC and was wondering if you could publish a list of members with their voting records on the property tax debate in the SC Senate.
April 20th, 2006 at 1:36 am
how did my senator vote (sheheen)?
April 20th, 2006 at 1:36 am
how did my senator vote (sheheen)?
April 20th, 2006 at 1:39 am
I did not like the House Plan, but I did like Groom’s plans. Why did you vote for all of them?
April 20th, 2006 at 1:39 am
I did not like the House Plan, but I did like Groom’s plans. Why did you vote for all of them?
April 20th, 2006 at 1:16 pm
Both of Groom’s plans delt with property taxes on homes and businesses. Why in the world did some of your collegues vote against that plan? The plan would do 2 tings: 1-people own their homes 2-removes overhead from businesses which will result in jobs and economic development. I just can’t imagine why someone would be opposed to these plans?
April 20th, 2006 at 1:16 pm
Both of Groom’s plans delt with property taxes on homes and businesses. Why in the world did some of your collegues vote against that plan? The plan would do 2 tings: 1-people own their homes 2-removes overhead from businesses which will result in jobs and economic development. I just can’t imagine why someone would be opposed to these plans?
April 20th, 2006 at 1:17 pm
How did the Charleston Senators vote?
April 20th, 2006 at 1:17 pm
How did the Charleston Senators vote?
April 20th, 2006 at 1:23 pm
I am against all of these proposals. Property taxes are a constant funding stream to schools. Sales taxes fluctuate too much.
April 20th, 2006 at 1:23 pm
I am against all of these proposals. Property taxes are a constant funding stream to schools. Sales taxes fluctuate too much.
April 20th, 2006 at 1:26 pm
I am told that one senator had survey and 90% of the responses said they need property taxes relief. Are the votes in the senate public record, or are these backroom deals? My Senator won’t return my phone calls.
April 20th, 2006 at 1:27 pm
WHAT IS THE PURPOSE OF THIS BLOG IF YOU CAN’T ANSWER OUR QUESTIONS!! I WANT TO KNOW HOW SEN. VERDIN, MY SENATOR VOTED!!
April 20th, 2006 at 1:30 pm
Property taxes are unamerican
It is the right thing to do, you can work on the problems, but you’ve eliminated the problem of over burdensome property taxes.
As a team, be the Senate that makes history!
Give the people what they are begging for.
April 20th, 2006 at 1:31 pm
WHAT IS THE PURPOSE OF THIS BLOG IF YOU CAN’T ANSWER OUR QUESTIONS!! I WANT TO KNOW HOW SEN. VERDIN, MY SENATOR VOTED!!
April 20th, 2006 at 1:31 pm
I am told that one senator had survey and 90% of the responses said they need property taxes relief. Are the votes in the senate public record, or are these backroom deals? My Senator won’t return my phone calls.
April 20th, 2006 at 1:34 pm
Property taxes are unamerican
It is the right thing to do, you can work on the problems, but you’ve eliminated the problem of over burdensome property taxes.
As a team, be the Senate that makes history!
Give the people what they are begging for.