South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

H. 3867

STATUS INFORMATION

General Bill
Sponsors: Reps. Herbkersman, Pitts, Hayes, Anthony, Cobb-Hunter, Whipper and Brown
Document Path: l:\council\bills\bbm\9603dg17.docx

Introduced in the House on March 1, 2017
Introduced in the Senate on April 4, 2017
Last Amended on May 9, 2017
Currently residing in the Senate

Summary: Property tax exemptions

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    3/1/2017  House   Introduced and read first time (House Journal-page 4)
    3/1/2017  House   Referred to Committee on Ways and Means 
                        (House Journal-page 4)
    3/2/2017  House   Member(s) request name added as sponsor: Cobb-Hunter
   3/29/2017  House   Committee report: Favorable with amendment Ways and 
                        Means (House Journal-page 46)
   3/30/2017  House   Member(s) request name added as sponsor: Whipper, Brown
   3/30/2017  House   Amended (House Journal-page 48)
   3/30/2017  House   Read second time (House Journal-page 48)
   3/30/2017  House   Roll call Yeas-104  Nays-0 (House Journal-page 49)
   3/30/2017  House   Unanimous consent for third reading on next legislative 
                        day (House Journal-page 50)
   3/31/2017  House   Read third time and sent to Senate (House Journal-page 4)
    4/4/2017  Senate  Introduced and read first time (Senate Journal-page 10)
    4/4/2017  Senate  Referred to Committee on Finance (Senate Journal-page 10)
    5/2/2017  Senate  Committee report: Favorable with amendment Finance 
                        (Senate Journal-page 19)
    5/3/2017          Scrivener's error corrected
    5/9/2017  Senate  Committee Amendment Adopted (Senate Journal-page 27)
    5/9/2017  Senate  Read second time (Senate Journal-page 27)
    5/9/2017  Senate  Roll call Ayes-36  Nays-0 (Senate Journal-page 27)
   5/10/2017          Scrivener's error corrected

View the latest legislative information at the website

VERSIONS OF THIS BILL

3/1/2017
3/29/2017
3/30/2017
5/2/2017
5/3/2017
5/9/2017
5/10/2017

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

Indicates Matter Stricken

Indicates New Matter

COMMITTEE AMENDMENT ADOPTED

May 9, 2017

H. 3867

Introduced by Reps. Herbkersman, Pitts, Hayes, Anthony, Cobb-Hunter, Whipper and Brown

S. Printed 5/9/17--S.    [SEC 5/10/17 12:29 PM]

Read the first time April 4, 2017.

            

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM PROPERTY TAX, SO AS TO EXEMPT ALL PROPERTY DEVOTED TO HOUSING LOW INCOME RESIDENTS IF THE PROPERTY IS OWNED BY AN INSTRUMENTALITY OF A NONPROFIT HOUSING CORPORATION.

Amend Title To Conform

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

SECTION    1.    Section 12-37-220(B)(11)(e) of the 1976 Code is amended to read:

"(e)    all property of nonprofit housing corporations or solely-owned instrumentalities of these corporations which when the property is devoted to providing housing to low or very low income residents. A nonprofit housing corporation must satisfy the safe harbor provisions of Revenue Procedure 96-32 issued by the Internal Revenue Service to qualify for this exemption to apply. For purposes of this subitem, partnerships, limited liability companies, or other corporations are instrumentalities if the nonprofit housing corporation is the controlling partner, controlling member, or controlling shareholder of the instrumentality. For purposes of this subitem, 'controlling' means the nonprofit house corporation is the partner, member, or shareholder of the instrumentality permitted to exercise substantial and continuous control over the provision of the low or very low income housing;"

SECTION    2.        Section 12-37-220(B) of the 1976 Code, as last amended by Act 23 of 2015, is further amended by adding an appropriately numbered item at the end to read:

"( )    notwithstanding the provisions of Section 12-37-950, a leasehold interest conveyed by the South Carolina Public Service Authority for residential use. The exemption allowed by this item only applies to the land and does not apply to any structures or other improvements situated on the land. The exemption allowed by this item extends to that leasehold interest, if subsequently assigned, if the leasehold agreement allows assignment."

SECTION    3.    This act takes effect upon approval by the Governor and first applies to property tax years beginning after 2016.

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This web page was last updated on May 11, 2017 at 8:55 AM