The resolution reads as follows:
A RESOLUTION
A RESOLUTION URGING THE SOUTH CAROLINA GENERAL
ASSEMBLY TO OPPOSE H3272, THE POINT OF SALE BILL
WHEREAS, H3272, the point of sale bill, is not the fix for Act 388, and
WHEREAS, H3272 only presents another piecemeal approach to change the already fragmented state tax structure; and
WHEREAS, H3272 is a shortsighted attempt to fix a global economic problem of no credit and a slow housing market due to job loss and retirement worries; and
WHEREAS, H3272 never allows all property to true up to its full market value causing unfair inequities among homeowners living in different neighborhoods; and
WHEREAS, H3272 causes public schools already suffering from revenue losses to incur additional revenue losses; and
WHEREAS, when senators return to Columbia in January for the legislative session they should vote “no” on this bill and let the Taxation Realignment Commission complete its study of the state tax code; and
NOW, THEREFORE, the City of North Charleston affirms its opposition to H3272, the point of sale bill, believes that the Taxation Realignment Commission should be allowed to complete its study of the state’s tax structure before any additional piecemeal tax changes are passed by the South Carolina General Assembly.
THE ABOVE RESOLUTION SHALL BECOME EFFECTIVE IMMEDIATELY UPON ITS RATIFICATION BY CITY COUNCIL.
The Background
“In 2006, the legislature passed tax reform legislation, Act 388, which made several changes to the way municipal governments…”
2009 Session
“Legislators introduced several bills in the 2009 session to eliminate Act 388’s point of sale provision. These bills…”
Local Consequences
“The artificial value of the property for tax purposes was intended to make sure an owner…”
Senate Testimony
Miriam Hair's (Municipal Association of South Carolina) remarks to the Senate Finance Special subcommittee
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