summary
Introduced
04/13/2021
04/13/2021
In Committee
04/13/2021
04/13/2021
Crossed Over
Passed
Dead
05/12/2022
05/12/2022
Introduced Session
124th General Assembly
Bill Summary
Amend The Code Of Laws Of South Carolina, 1976, By Adding Section 12-37-253 So As To Extend The Homestead Exemption For The Disabled And Elderly To All Fair Market Value Of The Homestead Subject To Property Tax Beginning For The Property Tax Year In Which The Individual Currently Receiving The Homestead Exemption Attains The Age Of Eighty-five Years If The Gross Household Income Of That Individual Is Fifty Thousand Dollars Or Less, To Define Household Income, And To Provide The Method Of Claiming The Exemption.
AI Summary
This bill extends the homestead exemption for the disabled and elderly to the full fair market value of the homestead subject to property tax, beginning for the property tax year in which the individual currently receiving the homestead exemption attains the age of 85 years, if the gross household income of that individual is $50,000 or less. It defines household income and provides the method of claiming the exemption.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Committee on Ways and Means (on 04/13/2021)
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=4197&session=124&summary=B | 04/14/2021 |
| BillText | https://www.scstatehouse.gov/sess124_2021-2022/prever/4197_20210413.htm | 04/14/2021 |
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