South Carolina General Assembly
123rd Session, 2019-2020

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Indicates Matter Stricken
Indicates New Matter

S. 910

STATUS INFORMATION

General Bill
Sponsors: Senator Johnson
Document Path: l:\s-res\klj\005home.kmm.klj.docx
Companion/Similar bill(s): 3332

Introduced in the Senate on January 14, 2020
Currently residing in the Senate Committee on Finance

Summary: Homestead exemptions

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/11/2019  Senate  Prefiled
  12/11/2019  Senate  Referred to Committee on Finance
   1/14/2020  Senate  Introduced and read first time (Senate Journal-page 37)
   1/14/2020  Senate  Referred to Committee on Finance (Senate Journal-page 37)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/11/2019

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 12-37-250(A)(1) OF THE 1976 CODE, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR TAXPAYERS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST SEVENTY-FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND TO REPEAL SECTION 12-37-245 OF THE 1976 CODE, RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

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

SECTION    1.    Section 12-37-250(A)(1) of the 1976 Code is amended to read:

    "(1)    The first fifty seventy-five thousand dollars of the fair market value of the dwelling place of a person is exempt from county, municipal, school, and special assessment real estate property taxes when the person:

        (i)(a)    has been a resident of this State for at least one year and has reached the age of sixty-five years on or before December thirty-first;

        (ii)(b)    has been classified as totally and permanently disabled by a state or federal agency having the function of classifying persons; or

        (iii)(c)    is legally blind as defined in Section 43-25-20, preceding the tax year in which the exemption is claimed and holds complete fee simple title or a life estate to the dwelling place. A person claiming to be totally and permanently disabled, but who has not been classified by one of the agencies, may apply to the state agency of Vocational Rehabilitation. The agency shall make an evaluation of the person using its own standards."

SECTION    2.    Section 12-37-245 of the 1976 Code is repealed.

SECTION    3.    This act takes effect upon approval by the Governor and applies for property tax years beginning after 2018.

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This web page was last updated on January 17, 2020 at 4:17 PM