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H. 3838
STATUS INFORMATION
Joint Resolution
Sponsors: Reps. Bales and Sandifer
Document Path: l:\council\bills\bbm\9202htc09.docx
Introduced in the House on April 1, 2009
Currently residing in the House Committee on Ways and Means
Summary: Tax exemptions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 4/1/2009 House Introduced and read first time HJ-9 4/1/2009 House Referred to Committee on Ways and Means HJ-9
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO PROVIDE A PROPERTY TAX EXEMPTION FOR OWNER-OCCUPIED RESIDENTIAL PROPERTY FOR PROPERTY TAX YEAR 2009 ONLY, IN AN AMOUNT EQUAL TO FIFTEEN PERCENT OF THE FAIR MARKET VALUE OF THE PROPERTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. In addition to all other property tax exemptions allowed by law and for property tax year 2009 only, all owner-occupied residential property receiving the special assessment ratio allowed pursuant to Section 12-43-220(c) of the 1976 Code is allowed an exemption equal to fifteen percent of the fair market value of the property.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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