Current Status Bill Number:570 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950228 Primary Sponsor:Reese All Sponsors:Reese Drafted Document Number:JIC\5468HTC.95 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Property tax exemptions
Body Date Action Description Com Leg Involved
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Senate 19950228 Introduced, read first time, 06 SF
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FIFTY PERCENT OF THE FAIR MARKET VALUE OF A RECREATIONAL VEHICLE OWNED BY AN INDIVIDUAL WHO HAS ATTAINED AGE SIXTY-FIVE.
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 at the end to read:
"( ) Fifty percent of the fair market value of a recreational vehicle owned by an individual who has attained age sixty-five before the vehicle's current property tax year."
SECTION 2. This act takes effect upon approval by the Governor and applies with respect to motor vehicle tax years beginning after June, 1995.