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Bill > H3332


SC H3332

SC H3332
Homestead exemptions


summary

Introduced
01/08/2019
In Committee
01/08/2019
Crossed Over
Passed
Dead
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 Seventy-five 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 $75,000 of the fair market value of the dwelling place for persons who are 65 years or older, disabled, or legally blind. The bill also repeals an obsolete reference to the homestead exemption in Section 12-37-245. The changes in this bill will apply for property tax years beginning after 2018.

Committee Categories

Budget and Finance

Sponsors (43)

Wendy Brawley (D)* Carl Anderson (D),  Lucas Atkinson (D),  Jimmy Bales (D),  Justin Bamberg (D),  Beth Bernstein (D),  Robert Brown (D),  Alan Clemmons (R),  Bill Clyburn (D),  Gilda Cobb-Hunter (D),  Chandra Dillard (D),  Laurie Funderburk (D),  Kambrell Garvin (D),  Wendell Gilliard (D),  Jerry Govan (D),  Chris Hart (D),  Rosalyn Henderson-Myers (D),  Pat Henegan (D),  Lonnie Hosey (D),  Leon Howard (D),  Chip Huggins (R),  Joseph Jefferson (D),  Mandy Kimmons (R),  John King (D),  Roger Kirby (D),  Krystle Matthews (D),  Annie McDaniel (D),  Cezar McKnight (D),  J.A. Moore (D),  Russell Ott (D),  Robert Ridgeway (D),  Leola Robinson (D),  Seth Rose (D),  Todd Rutherford (D),  Leon Stavrinakis (D),  Anne Thayer (R),  Ivory Thigpen (D),  McLain Toole (R),  David Weeks (D),  Will Wheeler (D),  Robert Williams (D),  Shedron Williams (D),  Chris Wooten (R), 

Last Action

Member(s) request name added as sponsor: Ott, S.Williams, Bales, Wooten, Huggins, Thayer (on 02/06/2020)

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