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TO AMEND SECTION 12-37-250, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD EXEMPTION FOR TAXPAYERS SIXTY-FIVE AND OVER OR THOSE PERMANENTLY AND TOTALLY DISABLED OR LEGALLY BLIND, SO AS TO PROVIDE THAT LEGAL RESIDENTS OF ANOTHER STATE AFTER A PERIOD OF FIVE YEARS OF CONTINUOUS AND RECURRING PRESENCE IN SOUTH CAROLINA FOR EACH OF THOSE FIVE YEARS MAY DESIGNATE A RESIDENCE THEY OWN IN THIS STATE WHICH SHALL RECEIVE THE HOMESTEAD EXEMPTION PROPERTY TAX BENEFITS PROVIDED BY THIS SECTION IF THEY WOULD OTHERWISE BE QUALIFIED FOR THE HOMESTEAD EXEMPTION EXCEPT FOR NOT BEING A LEGAL RESIDENT OF SOUTH CAROLINA.
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 18 of 2001, is further amended by adding a new paragraph at the end to read:
"Legal residents of another state after a period of five years of continuous and recurring presence in South Carolina for each of those five years may designate a residence they own in this State which shall receive the homestead exemption property tax benefits provided by this section if they would otherwise be qualified for the homestead exemption except for not being a legal resident of South Carolina."
SECTION 2. This act takes effect upon approval by the Governor.
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