Operating millage rates
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends South Carolina law to allow municipalities that do not currently have an operating millage rate as of January 1, 2025, or that are newly incorporated after that date, to establish and impose an operating millage rate. It allows these municipalities to set the millage to cover one-third of their general fund expenses, with limitations on increases. Municipalities that previously had an operating millage but repealed it can reimpose it, up to a certain limit, and require voter approval.
Key provisions
- Allows municipalities without an operating millage as of January 1, 2025, to establish an operating millage.
- Allows newly incorporated municipalities to establish an operating millage.
- Sets the initial operating millage to one-third of the municipality’s general fund expenses.
- Permits municipalities that previously repealed an operating millage to reimpose it, up to a specified limit.
- Requires voter approval for the imposition or reimposition of an operating millage.
- Operating millage is subject to existing limitations on increases.
- Rollback millage must be accounted for when calculating reimposed millage amounts.
Who is affected
- Municipalities
- Local Government Officials
- Taxpayers
- Local Budget Committees
Notable changes
- Provides a pathway for municipalities without existing operating millages to establish one.
Bill text
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