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Bill 517

                    Current Status

Bill Number:                      517
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990223
Primary Sponsor:                  Land
All Sponsors:                     Land
Drafted Document Number:          l:\council\bills\dka\3239mm99.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Homestead exemption from property tax, 
                                  transfer when taxpayer changes legal 
                                  residence; Taxation


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990223  Introduced, read first time,           06 SF
                  referred to Committee


                             Versions of This Bill

TO AMEND SECTION 12-37-250, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD EXEMPTION FROM PROPERTY TAX, SO AS TO PROVIDE FOR THE TRANSFER OF THE HOMESTEAD EXEMPTION WHEN A QUALIFIED TAXPAYER WHO HAS BEEN RECEIVING THE EXEMPTION IN THE COUNTY OF HIS LEGAL RESIDENCE CHANGES HIS LEGAL RESIDENCE TO ANOTHER COUNTY DURING THE TAX YEAR AND GIVES NOTICE OF THE TRANSFER BY SEPTEMBER FIFTEENTH OF THAT TAX YEAR, AND TO PROVIDE THAT THE COUNTY AUDITOR'S OFFICE DETERMINE THAT THE REQUIREMENTS FOR THE TRANSFER OF THE EXEMPTION ARE SATISFIED.

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

SECTION 1. Section 12-37-250 of the 1976 Code, as last amended by Act 107 of 1997, is further amended by adding a new paragraph at the end to read:

"The homestead exemption provided in this section may be transferred from the county of legal residence of the qualifying taxpayer to another county if the taxpayer changes his legal residence to another county during the tax year and gives written notice of the transfer to the county auditor of the new county on or by September fifteenth of that tax year. The county auditor of the new county must review all transfer applications and determine that the requirements for the exemption are satisfied before the exemption is granted in the new county."

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

This web page was last updated on Wednesday, December 9, 2009 at 9:06 A.M.