South Carolina General Assembly
111th Session, 1995-1996

Bill 52

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       52
Type of Legislation:               General Bill GB
Introducing Body:                  Senate
Introduced Date:                   19950110
Primary Sponsor:                   Giese 
All Sponsors:                      Giese, Rose, Rankin, Elliott,
                                   Reese
Drafted Document Number:           JIC\5039HTC.95
Residing Body:                     Senate
Current Committee:                 Finance Committee 06 SF
Subject:                           Homestead exemption
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

Senate  19950110  Introduced, read first time,             06 SF
                  referred to Committee
Senate  19941003  Prefiled, referred to Committee          06 SF
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 12-37-250, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION, SO AS TO DELETE THE DATE BY WHICH LIFE ESTATES CREATED OTHER THAN BY WILL ARE OTHERWISE ELIGIBLE FOR THE EXEMPTION.

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

SECTION 1. The ninth paragraph of Section 12-37-250 of the 1976 Code is amended to read:

"The provisions of this section shall apply to life estates created by will and also to life estates otherwise created which were in effect on or before December 31, 1979."

SECTION 2. Upon approval by the Governor, this act is effective for taxable years beginning after 1994.

-----XX-----