H 4602

South Carolina General Assembly
126th Session, 2025-2026
Bill 4602
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS
BY ADDING SECTION 6-11-347 SO AS TO PROVIDE THAT A SPECIAL PURPOSE DISTRICT
SHALL ADJUST ITS MILLAGE RATE TO REFLECT THE REMOVAL OF SERVICE
RESPONSIBILITIES FOLLOWING THE CONSOLIDATION OF SUCH SERVICES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1.  Article 1, Chapter 11, Title 6
of the S.C. Code is amended by adding:
    Section
6-11-347.  (A) A special purpose
district that consolidates or removes services is required to reduce its
current millage rate for property tax purposes by the following fiscal year to
reflect the removal of its responsibility for services.
    (B) The South Carolina Revenue and
Fiscal Affairs Office, in consultation with the appropriate county, shall
calculate the appropriate adjusted millage rate based on:
       (1) historical service expenditures as
a proportion of the district's total budget;
       (2) current service responsibilities;
and
       (3) revenue needs for continued fire
and police protection services.
    (C) The adjusted millage rate must be
submitted by the district to the appropriate county auditor no later than June
first for implementation in the upcoming property tax cycle.
    (D)(1) The South Carolina State Auditor
shall conduct an annual review for a three-year period of any special purpose
district that reduces its millage rate in compliance with this section.
       (2) If the district fails to reduce its
millage as required, the State Treasurer shall withhold ten percent of the
district's state-distributed revenue until compliance is verified.
SECTION
2.  This act takes effect upon approval by the Governor and first applies to
tax years after 2025.
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This web page was last updated on December 17, 2025 at 12:47 PM