South Carolina General Assembly
113th Session, 1999-2000

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Bill 274

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      274
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990112
Primary Sponsor:                  Wilson
All Sponsors:                     Wilson, Reese, Grooms
Drafted Document Number:          l:\council\bills\gjk\20048sd99.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Property tax exemption on personal 
                                  property of aging when paid for five preceding 
                                  years on; Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990112  Introduced, read first time,           06 SF
                  referred to Committee
Senate  19981216  Prefiled, referred to Committee        06 SF


                             Versions of This Bill
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 PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT A BOAT, BOAT MOTOR, OR PRIVATE PASSENGER MOTOR VEHICLE OWNED BY AN INDIVIDUAL SIXTY-FIVE YEARS OF AGE OR OLDER WHO HAS PAID PROPERTY TAXES ON SUCH AN ITEM OF PERSONAL PROPERTY FOR AT LEAST THE FIVE PRECEDING PROPERTY TAX YEARS AND TO EXEMPT THE OWNER-OCCUPIED RESIDENCE OF AN INDIVIDUAL SIXTY-FIVE YEARS OF AGE OR OLDER WHO HAS PAID PROPERTY TAXES ON A PERSONAL RESIDENCE FOR AT LEAST THE FIVE PRECEDING PROPERTY TAX YEARS.

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:

"( )(a) A boat, boat motor, or private passenger motor vehicle as defined in Section 56-3-630 owned by an individual sixty-five years of age or older for personal use who has owned and paid property taxes on such an item of property for at least the five preceding tax years.

(b) The owner-occupied residence of an individual sixty-five years of age or older who has owned and paid property taxes on a personal residence for at least the five preceding property tax years."

SECTION 2. Upon approval by the Governor, this act is effective for property tax years beginning after 1998.

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