summary
Introduced
01/12/2021
01/12/2021
In Committee
01/12/2021
01/12/2021
Crossed Over
Passed
Dead
05/12/2022
05/12/2022
Introduced Session
124th 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 Section 12-37-250 of the South Carolina Code of Laws to increase the homestead property tax exemption amount 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. The bill also repeals Section 12-37-245, which contained an obsolete reference to the homestead exemption. The bill takes effect upon approval by the Governor and applies for property tax years beginning after 2020.
Committee Categories
Budget and Finance
Sponsors (7)
Steven Long (R)*,
Mike Burns (R),
Cal Forrest (R),
Sandy McGarry (R),
Steve Moss (R),
Tommy Pope (R),
Leola Robinson (D),
Last Action
Referred to Committee on Ways and Means (on 01/12/2021)
Official Document
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=3452&session=124&summary=B | 12/17/2020 |
| BillText | https://www.scstatehouse.gov/sess124_2021-2022/prever/3452_20201216.htm | 12/17/2020 |
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