South Carolina General Assembly
110th Session, 1993-1994

Bill 3854


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Introducing Body:               House
Bill Number:                    3854
Primary Sponsor:                Cobb-Hunter
Committee Number:               30
Type of Legislation:            GB
Subject:                        Lower income housing
Residing Body:                  House
Computer Document Number:       436/12820AC.93
Introduced Date:                19930406
Last History Body:              House
Last History Date:              19930406
Last History Type:              Introduced, read first time,
                                referred to Committee
Scope of Legislation:           Statewide
All Sponsors:                   Cobb-Hunter
                                Waites
                                Govan
                                Inabinett
                                Whipper
                                Jaskwhich
                                Jennings
                                Davenport
                                McMahand
                                Moody-Lawrence
                                Keyserling
Type of Legislation:            General Bill



History


Bill  Body    Date          Action Description              CMN  Leg Involved
____  ______  ____________  ______________________________  ___  ____________

3854  House   19930406      Introduced, read first time,    30
                            referred to Committee

View additional legislative information at the LPITS web site.


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

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM AD VALOREM TAXES, SO AS TO PROVIDE AN EXEMPTION FOR REAL PROPERTY PROVIDING HOUSING THAT QUALIFIES FOR FEDERAL HOUSING AND URBAN DEVELOPMENT LOW INCOME SUBSIDIES.

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

SECTION 1. Section 12-37-220 B. of the 1976 Code is amended by adding an appropriately numbered item to read:

"( ) improvements on real property providing housing which qualifies for federal Housing and Urban Development low income subsidies in the proportion that the number of subsidized units is to the total number of units."

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

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