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Indicates Matter Stricken
Indicates New Matter
S. 881
STATUS INFORMATION
General Bill
Sponsors: Senator Sheheen
Document Path: l:\s-res\vas\019sola.kmm.vas.docx
Introduced in the Senate on January 14, 2014
Currently residing in the Senate Committee on Finance
Summary: Property tax exemptions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/17/2013 Senate Prefiled 12/17/2013 Senate Referred to Committee on Finance 1/14/2014 Senate Introduced and read first time (Senate Journal-page 57) 1/14/2014 Senate Referred to Committee on Finance (Senate Journal-page 57)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 12-37-220 OF THE 1976 CODE, RELATING TO GENERAL EXEMPTIONS FROM PROPERTY TAXES; BY ADDING A NEW SUBSECTION TO ALLOW COUNTIES TO EXEMPT FROM AD VALOREM TAXATION SOLAR ENERGY ELECTRIC SYSTEMS AND THE DIFFERENCE BETWEEN THE COST OF A SOLAR ENERGY HEATING OR COOLING SYSTEM AND A TRADITIONAL HEATING OR COOLING SYSTEM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-37-220 of the 1976 Code is amended by adding:
"(F) In addition to the other exemptions provided for in this section, the governing body of a county may also exempt from ad valorem taxation:
(1) eighty percent of the appraised value of a solar energy electric system. For the purposes of this item, 'solar energy electric system' means all equipment used directly and exclusively for the conversion of solar energy into electricity; and
(2) the difference between the value of a solar energy heating or cooling system and a conventional heating or cooling system."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on January 15, 2014 at 9:34 AM