Current Status Introducing Body:House Bill Number:3854 Primary Sponsor:Cobb-Hunter Committee Number:30 Type of Legislation:GB Subject:Lower income housing Residing Body:House Computer Document Number:436/12820AC.93 Introduced Date:19930406 Last History Body:House Last History Date:19930406 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Cobb-Hunter Waites Govan Inabinett Whipper Jaskwhich Jennings Davenport McMahand Moody-Lawrence Keyserling Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 3854 House 19930406 Introduced, read first time, 30 referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM AD VALOREM TAXES, SO AS TO PROVIDE AN EXEMPTION FOR REAL PROPERTY PROVIDING HOUSING THAT QUALIFIES FOR FEDERAL HOUSING AND URBAN DEVELOPMENT LOW INCOME SUBSIDIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220 B. of the 1976 Code is amended by adding an appropriately numbered item to read:
"( ) improvements on real property providing housing which qualifies for federal Housing and Urban Development low income subsidies in the proportion that the number of subsidized units is to the total number of units."
SECTION 2. This act takes effect upon approval by the Governor.