Staff Analysis of the Legislation
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05.02.2017 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee. The full committee also adopted an amendment that freezes property tax on Santee Cooper lease hold properties. 04.18.2017 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment only makes technical changes. 03.28.2017 The House Ways and Means Committee gave this bill a favorable report. 03.08.2017 The House Ways and Means Property Tax subcommittee gave this bill a favorable report. Summary of the bill as introduced: Exempts all property devoted to housing low income residents from property taxes if the property is owned by an instrumentality of a nonprofit housing corporation. |