summary
Introduced
01/14/2025
01/14/2025
In Committee
01/14/2025
01/14/2025
Crossed Over
Passed
Dead
Introduced Session
126th General Assembly
Bill Summary
Amend The South Carolina Code Of Laws By Amending Section 12-37-250, 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 By Repealing Section 12-37-245 Relating To An Obsolete Reference To The Homestead Exemption.
AI Summary
This bill amends South Carolina's homestead property tax exemption law to increase the tax exemption amount from $50,000 to $100,000 of a dwelling's fair market value for qualifying residents. The exemption applies to three specific groups: residents aged 65 or older who have lived in the state for at least one year, individuals classified as totally and permanently disabled by a state or federal agency, and legally blind individuals who hold complete fee simple title or a life estate to their dwelling. For those with a disability who have not been officially classified, they may apply to the state's Vocational Rehabilitation agency for evaluation. The bill also repeals Section 12-37-245, which contained an obsolete reference to the homestead exemption. The changes will take effect upon the Governor's approval and will first apply to property tax years beginning after 2024, providing tax relief for eligible homeowners by reducing their property tax burden.
Committee Categories
Budget and Finance
Sponsors (29)
Tommy Pope (R)*,
Heather Bauer (D),
Beth Bernstein (D),
Phillip Bowers (R),
Gary Brewer (R),
Don Chapman (R),
Bill Clyburn (D),
Chandra Dillard (D),
Kambrell Garvin (D),
Hamilton Grant (D),
Rosalyn Henderson-Myers (D),
Lonnie Hosey (D),
Wendell Jones (D),
John King (D),
John Lastinger (R),
Brian Lawson (R),
Jason Luck (D),
David Martin (R),
Cody Mitchell (R),
Fawn Pedalino (R),
Robby Robbins (R),
Blake Sanders (R),
Mark Smith (R),
Tiffany Spann-Wilder (D),
Leon Stavrinakis (D),
Bill Taylor (R),
Spencer Wetmore (D),
Paul Wickensimer (R),
Robert Williams (D),
Last Action
Member(s) request name added as sponsor: Lastinger (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.scstatehouse.gov/billsearch.php?billnumbers=3511&session=126&summary=B |
| BillText | https://www.scstatehouse.gov/sess126_2025-2026/prever/3511_20241205.htm |
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