Amend the bill, as and if amended, page 3, by adding appropriately numbered new SECTIONS to read:
/SECTION __. Section 12-37-220(B) of the 1976 Code is 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 __. This act takes effect upon approval by the Governor and first applies to property tax years beginning after 2017. /
Renumber sections to conform.
Amend title to conform.