South Carolina General Assembly
120th Session, 2013-2014

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Indicates Matter Stricken
Indicates New Matter

S. 881

STATUS INFORMATION

General Bill
Sponsors: Senator Sheheen
Document Path: l:\s-res\vas\019sola.kmm.vas.docx

Introduced in the Senate on January 14, 2014
Currently residing in the Senate Committee on Finance

Summary: Property tax exemptions

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/17/2013  Senate  Prefiled
  12/17/2013  Senate  Referred to Committee on Finance
   1/14/2014  Senate  Introduced and read first time (Senate Journal-page 57)
   1/14/2014  Senate  Referred to Committee on Finance (Senate Journal-page 57)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/17/2013

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-37-220 OF THE 1976 CODE, RELATING TO GENERAL EXEMPTIONS FROM PROPERTY TAXES; BY ADDING A NEW SUBSECTION TO ALLOW COUNTIES TO EXEMPT FROM AD VALOREM TAXATION SOLAR ENERGY ELECTRIC SYSTEMS AND THE DIFFERENCE BETWEEN THE COST OF A SOLAR ENERGY HEATING OR COOLING SYSTEM AND A TRADITIONAL HEATING OR COOLING SYSTEM.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 12-37-220 of the 1976 Code is amended by adding:

"(F)    In addition to the other exemptions provided for in this section, the governing body of a county may also exempt from ad valorem taxation:

(1)    eighty percent of the appraised value of a solar energy electric system. For the purposes of this item, 'solar energy electric system' means all equipment used directly and exclusively for the conversion of solar energy into electricity; and

(2)    the difference between the value of a solar energy heating or cooling system and a conventional heating or cooling system."

SECTION    2.    This act takes effect upon approval by the Governor.

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This web page was last updated on January 15, 2014 at 9:34 AM