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S. 395
STATUS INFORMATION
General Bill
Sponsors: Senator Reese
Document Path: l:\council\bills\bbm\9543dg17.docx
Introduced in the Senate on February 9, 2017
Currently residing in the Senate Committee on Finance
Summary: Property tax exemptions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/9/2017 Senate Introduced and read first time (Senate Journal-page 5) 2/9/2017 Senate Referred to Committee on Finance (Senate Journal-page 5)
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VERSIONS OF THIS BILL
TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT THE FIRST TWENTY THOUSAND DOLLARS OF VALUE OF A PERSONAL MOTOR VEHICLE OWNED OR LEASED BY A PERSON WHO HAS BEEN A RESIDENT OF THIS STATE FOR AT LEAST ONE YEAR AND HAS REACHED THE AGE OF SIXTY-FIVE YEARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. 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:
"( ) the first twenty thousand dollars of value of a personal motor vehicle owned or leased by a person who has been a resident of this State for at least one year and has reached the age of sixty-five years on or before December thirty-first."
SECTION 2. This act takes effect upon approval by the Governor and first applies after 2017.
This web page was last updated on
February 10, 2017 at 2:12 PM