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Bill 3437

                    Current Status

Bill Number:                      3437
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990203
Primary Sponsor:                  Vaughn
All Sponsors:                     Vaughn, Loftis, Leach, Easterday, 
                                  Phillips, Young-Brickell, M. McLeod, Gilham, 
                                  Lanford, Seithel, Rice, Simrill, Walker, 
                                  Harrison, Lucas, Campsen, Delleney, Mason, 
                                  Govan, Barrett, Keegan, Hamilton, Trotter, 
                                  Haskins, Beck, R. Smith, Cato, Robinson, 
                                  Quinn, Rodgers and Moody-Lawrence
Drafted Document Number:          l:\council\bills\kgh\15240htc99.doc
Residing Body:                    House
Current Committee:                Ways and Means Committee 30 HWM
Subject:                          Homestead exemption for aging, 
                                  handicapped persons; additional extended to 
                                  all political subdivisions, schools


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990203  Introduced, read first time,           30 HWM
                  referred to Committee


                             Versions of This Bill

TO AMEND SECTION 12-37-285, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF A MUNICIPALITY TO ALLOW AN ADDITIONAL UNREIMBURSED HOMESTEAD EXEMPTION FROM MUNICIPAL TAXES FOR PROPERTY RECEIVING THE STATEWIDE HOMESTEAD EXEMPTION ALLOWED ON THE DWELLINGS OF PERSONS WHO HAVE ATTAINED AGE SIXTY-FIVE OR WHO ARE PERMANENTLY AND TOTALLY DISABLED, SO AS TO EXTEND THIS AUTHORITY TO ALL POLITICAL SUBDIVISIONS OF THE STATE, INCLUDING SCHOOL DISTRICTS.

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

SECTION 1. Section 12-37-285 of the 1976 Code is amended to read:

"Section 12-37-285. Any incorporated municipality political subdivision in this State, including school districts or the governing body authorized by law to levy school taxes, may by ordinance or resolution, as applicable, may provide for homestead exemptions from municipal ad valorem taxes imposed by the political subdivision on real property for persons eligible for such exemptions the exemption allowed under Section 12-37-250. and in amounts The amount may not exceeding those provided exceed the amount of fair market value exempted in that section., but the Exemptions exemption may be in a lesser amount if the ordinance or resolution shall so provide provides. Applications for exemptions and other related procedures related thereto shall must be as prescribed in the ordinance providing for the exemption. Municipalities Political subdivisions establishing homestead exemptions under this section shall do not receive the reimbursement therefor from the general fund of the State provided for the exemption allowed pursuant to Section 12-37-250."

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

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