Bill > S0848

This bill, titled "Co-owned home," proposes to add a new section to the South Carolina Code of Laws that clarifies who has the authority to regulate co-owned homes, which are defined as residential dwellings jointly owned by individuals or entities for their use and enjoyment. The key provision is that any taxation, prohibition, restriction, fee, or regulation concerning the use, sale, or disposition of these co-owned homes must be enacted by the South Carolina General Assembly, the state's legislative body. This means that municipalities cannot create their own ordinances to regulate co-owned homes, and any existing municipal ordinances on the matter would be superseded. However, the bill does allow counties to continue regulating co-owned homes and permits municipalities to regulate the rental of co-owned homes as long as it doesn't affect the owners' use or their guests' use (provided no fee is charged to guests), and also allows municipalities to enforce land use regulations that apply equally to all residential dwellings, without treating co-owned homes as commercial properties. The preamble to the bill emphasizes the state's policy favoring the free transferability of property and protecting individuals' rights to own property without unreasonable burdens.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=0848&session=126&summary=B