summary
Introduced
01/21/2020
01/21/2020
In Committee
01/21/2020
01/21/2020
Crossed Over
Passed
Dead
09/24/2020
09/24/2020
Introduced Session
123rd General Assembly
Bill Summary
Amend Section 12-37-250, Code Of Laws Of South Carolina, 1976, Relating To The Homestead Property Tax Exemption Allowed For Persons Who Are Over The Age Of Sixty-five Years, Disabled, Or Legally Blind, So As To Increase The Exemption Amount From The First Fifty Thousand Dollars To The First One Hundred Thousand Dollars Of The Fair Market Value Of The Homestead; And To Repeal Section 12-37-245 Relating To An Obsolete Reference To The Homestead Exemption.
AI Summary
This bill amends the South Carolina Code of Laws to increase the homestead property tax exemption from the first $50,000 to the first $100,000 of the fair market value of the homestead for persons who are over the age of 65, disabled, or legally blind. It also repeals an obsolete reference to the homestead exemption. The changes will apply to property tax years beginning after 2019, once the bill is approved by the Governor.
Committee Categories
Budget and Finance
Sponsors (28)
Steven Long (R)*,
Linda Bennett (R),
Mike Burns (R),
Bill Chumley (R),
Bill Clyburn (D),
Joseph Daning (R),
Cal Forrest (R),
Mike Forrester (R),
Doug Gilliam (R),
Patrick Haddon (R),
Jackie Hayes (D),
Pat Henegan (D),
Davey Hiott (R),
Lonnie Hosey (D),
Stewart Jones (R),
Mandy Kimmons (R),
Phillip Lowe (R),
Nancy Mace (R),
Josiah Magnuson (R),
John McCravy (R),
Adam Morgan (R),
Dennis Moss (R),
Melissa Oremus (R),
L. Kit Spires (R),
Tommy Stringer (R),
McLain Toole (R),
Ashley Trantham (R),
Richie Yow (R),
Last Action
Referred to Committee on Ways and Means (on 01/21/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=4994&session=123&summary=B | 01/22/2020 |
| BillText | https://www.scstatehouse.gov/sess123_2019-2020/prever/4994_20200121.htm | 01/22/2020 |
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