South Carolina Legislature


Session 109 - (1991-1992)Printer Friendly
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H*4406 (Rat #0511, Act #0432 of 1992) General Bill, By S.G. Manly, R.L. Altman, Anderson, Bailey, J.J. Bailey, R.A. Barber, D.W. Beatty, C.D. Chamblee, Cobb-Hunter, R.S. Corning, J.L.M. Cromer, H.M. Hallman, J.P. Harrelson, Harrison, Haskins, Jennings, K.G. Kempe, Littlejohn, Martin, J.G. Mattos, McCraw, J.T. McElveen, Quinn, J. Rama, Rhoad, Riser, T.F. Rogers, J.S. Shissias, R. Smith, C.L. Sturkie, C.Y. Waites, L.S. Whipper, Wilkes and D. Williams
    A Bill to amend Section 12-37-220, as amended, Code of Laws of South Carolina, 1976, relating to the classes of property exempt from ad valorem taxation, so as to provide that the exemption for the property of any religious, charitable, or eleemosynary society, corporation, or other association when the property is acquired for the purpose of building or renovating residential structures on it for sale to economically disadvantaged persons may be claimed for up to five, rather than two, tax years on a single property, specify that the sale of the property be a not-for-profit sale, and provide that the total properties for which the religious, charitable, or eleemosynary society, corporation, or other association may claim this exemption may not exceed fifteen acres per county within the State.
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02/12/92House Introduced and read first time HJ-24
02/12/92House Referred to Committee on Ways and Means HJ-24
03/26/92House Committee report: Majority favorable, minority unfavorable Ways and Means HJ-7
04/21/92House Read second time HJ-42
04/22/92House Read third time and sent to Senate HJ-50
04/23/92Senate Introduced and read first time SJ-19
04/23/92Senate Referred to Committee on Finance SJ-19
05/20/92Senate Recalled from Committee on Finance SJ-6
05/21/92Senate Read second time SJ-36
05/21/92Senate Unanimous consent for third reading on next legislative day SJ-36
05/22/92Senate Read third time and enrolled SJ-48
05/27/92 Ratified R 511
06/01/92 Signed By Governor
06/01/92 Effective date 06/01/92
06/01/92 Act No. 432
07/08/92 Copies available

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