South Carolina General Assembly
124th Session, 2021-2022

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Indicates Matter Stricken
Indicates New Matter

H. 3354

STATUS INFORMATION

General Bill
Sponsors: Rep. Ballentine
Document Path: l:\council\bills\sm\20160sa21.docx

Introduced in the House on January 12, 2021
Introduced in the Senate on April 7, 2021
Last Amended on May 6, 2021
Currently residing in the Senate

Summary: Property tax, exemptions

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/9/2020  House   Prefiled
   12/9/2020  House   Referred to Committee on Ways and Means
   1/12/2021  House   Introduced and read first time (House Journal-page 168)
   1/12/2021  House   Referred to Committee on Ways and Means 
                        (House Journal-page 168)
   3/18/2021  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 42)
    4/6/2021  House   Read second time (House Journal-page 86)
    4/6/2021  House   Roll call Yeas-107  Nays-4 (House Journal-page 86)
    4/7/2021  House   Read third time and sent to Senate 
                        (House Journal-page 14)
    4/7/2021  Senate  Introduced and read first time (Senate Journal-page 5)
    4/7/2021  Senate  Referred to Committee on Finance (Senate Journal-page 5)
    5/5/2021  Senate  Committee report: Favorable with amendment Finance 
                        (Senate Journal-page 8)
    5/6/2021  Senate  Committee Amendment Adopted (Senate Journal-page 41)
    5/6/2021  Senate  Read second time (Senate Journal-page 41)
    5/6/2021  Senate  Roll call Ayes-45  Nays-0 (Senate Journal-page 41)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/9/2020
3/18/2021
5/5/2021
5/6/2021

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

Indicates Matter Stricken

Indicates New Matter

COMMITTEE AMENDMENT ADOPTED

May 6, 2021

H. 3354

Introduced by Rep. Ballentine

S. Printed 5/6/21--S.

Read the first time April 7, 2021.

            

A BILL

TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT A RENEWABLE ENERGY RESOURCE PROPERTY HAVING A NAMEPLATE CAPACITY OF AND OPERATING AT NO GREATER THAN TWENTY KILOWATTS.

Amend Title To Conform

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

SECTION    1.    Section 12-37-220(B) of the 1976 Code, as last amended by Act 145 of 2020, is further amended by adding an appropriately numbered item at the end to read:

"( )    a renewable energy resource property having a nameplate capacity of and operating at no greater than twenty kilowatts, as measured in alternating current. For purposes of this item, 'renewable energy resource' means property defined in Section 58-40-10. This definition includes, but is not limited to, all components that enhance the operational characteristics of the generating equipment, such as an advanced inverter or battery storage device, and equipment required to meet all applicable safety, performance, interconnection, and reliability standards established by the commission, the National Electrical Code, the National Electrical Safety Code, the Institute of Electrical and Electronics Engineers, Underwriters Laboratories, the Federal Energy Regulatory Commission, and any local governing authorities."

SECTION    2.    Section 12-37-220(B)(11)(e) of the 1976 Code, as last amended by Act 145 of 2020, is amended further to read:

"(e)    all property of nonprofit housing corporations or instrumentalities of these corporations when the property is devoted to providing housing to low or very low income residents. A nonprofit housing corporation or its instrumentality must satisfy the safe harbor provisions of Revenue Procedure 96-32 issued by the Internal Revenue Service for this exemption to apply. For purposes of this subitem, property of nonprofit housing corporations or instrumentalities of these corporations includes all leasehold interests in and improvements to property owned by an entity that provides housing accommodations to persons of low or very low income, and in which a wholly owned affiliate or wholly owned instrumentality of a nonprofit housing corporation is the general partner, managing member, or the equivalent. However, the exemption allowed by this subitem only applies if the property of nonprofit housing corporations or instrumentalities of these corporations satisfies the safe harbor provisions of Revenue Procedure 96-32 issued by the Internal Revenue Service;"

SECTION    3.    This act takes effect upon approval by the Governor and applies to property tax years beginning after 2020.

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This web page was last updated on May 7, 2021 at 9:33 AM