SC H4694

Creates a study committee to review the effects of Act 388 of 2006 on property assessed at six percent and all other property classes, including impacts on school district funding and property taxpayers

Committee consists of 10 members: 5 state Senators and 5 House Representatives appointed by various legislative leaders including the President of the Senate, Speaker of the House, committee chairs, and majority/minority leaders

Committee must submit a report with findings and recommendations to the General Assembly before July 1, 2027

Study committee automatically dissolves upon submission of the report on July 1, 2027

Takes effect upon Governor's approval