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S 0587 -	Allows an owner to keep the four percent assessment ratio until the decedent's estate is closed

Tracking Level:

Of Interest

Sponsor:

William Timmons

Last Action:

2/8/2018 - Referred to Committee on Ways and Means

Senate Committee:

Fin

House Committee:

Assigned To:

Finance/Revenue/Taxes

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Staff Analysis of the Legislation

04.24.2018 The House Ways and Means Legislative subcommittee gave this bill a favorable report.
01.23.2018 The Senate Finance Committee gave this bill a favorable report as amended. The amendment mandates the probate process by completed by the end of the year following death.
01.16.2018 The Senate Finance Property Tax subcommittee gave this bill a favorable report as amended. The amendment allows residences to be rented.
Summary of the bill as introduced: Allows an owner to keep the four percent assessment ratio until the decedent's estate is closed as long as the property is not rented.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc