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S 0207 - Allows a property owner residing at a nursing home to retain the 4 percent property tax assessment ratio

Tracking Level: Of Interest
Sponsor: Thomas Young (R)
Last Action: 10/2/2020 - Act No. 145
Senate Committee: Fin
House Committee: LCI
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation
01.15.2019 The Senate Finance Committee gave this bill a favorable report.
01.15.2019 The Senate Finance Property Tax subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Allows an owner living in a nursing home to retain the 4 percent property tax assessment ratio as long as the owner plans to return to the property and does not receive rental income from the property.

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Session 123 - (2019-2020)Printer Friendly
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S*0207 (Rat #0151, Act #0145 of 2020) General Bill, By Young
Similar (S 0619)
Summary: Assessment ratios
    AN ACT TO AMEND SECTION 12-43-220, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROGRAMS AND UNIFORM ASSESSMENT RATIOS FOR COUNTY EQUALIZATION AND REASSESSMENT, SO AS TO PROVIDE THAT AN OWNER ELIGIBLE FOR AND RECEIVING THE SPECIAL ASSESSMENT PURSUANT TO SECTION 12-43-220 WHO IS RESIDING AT A NURSING HOME RETAINS THE SPECIAL ASSESSMENT RATIO OF FOUR PERCENT FOR AS LONG AS THE OWNER REMAINS IN THE NURSING HOME; TO AMEND SECTION 12-37-220, RELATING TO GENERAL PROPERTY TAX EXEMPTIONS, SO AS TO PROVIDE AN EXEMPTION FOR CERTAIN LEASEHOLD INTERESTS IN AND IMPROVEMENTS TO PROPERTY OWNED BY AN ENTITY THAT PROVIDES CERTAIN HOUSING ACCOMMODATIONS TO LOW INCOME PERSONS; AND TO AMEND SECTION 31-6-30, RELATING TO HOUSING AND REDEVELOPMENT DEFINITIONS, SO AS TO PROVIDE THAT A REDEVELOPMENT PROJECT INCLUDES AFFORDABLE HOUSING PROJECTS WHERE ALL OR A PART OF NEW PROPERTY TAX REVENUES GENERATED IN THE TAX INCREMENT FINANCING DISTRICT ARE USED TO PROVIDE OR SUPPORT PUBLICLY AND PRIVATELY OWNED AFFORDABLE HOUSING IN THE DISTRICT OR IS USED TO PROVIDE INFRASTRUCTURE PROJECTS TO SUPPORT PUBLICLY AND PRIVATELY OWNED AFFORDABLE HOUSING IN THE DISTRICT. - ratified title
View full text          View Vote History          View Fiscal Impact
12/12/18Senate Prefiled
12/12/18Senate Referred to Committee on Finance
01/08/19Senate Introduced and read first time (Senate Journal-page 134)
01/08/19Senate Referred to Committee on Finance (Senate Journal-page 134)
01/16/19Senate Committee report: Favorable Finance (Senate Journal-page 7)
01/17/19 Scrivener's error corrected
01/22/19Senate Read second time (Senate Journal-page 17)
01/22/19Senate Roll call Ayes-42 Nays-0 (Senate Journal-page 17)
01/23/19Senate Read third time and sent to House (Senate Journal-page 10)
01/23/19House Introduced and read first time (House Journal-page 12)
01/23/19House Referred to Committee on Labor, Commerce and Industry (House Journal-page 12)
02/05/20House Recalled from Committee on Labor, Commerce and Industry (House Journal-page 50)
02/05/20House Committed to Committee on Ways and Means (House Journal-page 50)
09/15/20House Committee report: Favorable Ways and Means (House Journal-page 63)
09/16/20House Amended (House Journal-page 48)
09/16/20House Read second time (House Journal-page 48)
09/16/20House Roll call Yeas-109 Nays-0 (House Journal-page 48)
09/22/20 Scrivener's error corrected
09/22/20House Read third time and returned to Senate with amendments (House Journal-page 23)
09/22/20Senate House amendment amended (Senate Journal-page 38)
09/22/20Senate Roll call Ayes-40 Nays-0 (Senate Journal-page 38)
09/22/20Senate Returned to House with amendments (Senate Journal-page 38)
09/22/20House Concurred in Senate amendment and enrolled (House Journal-page 86)
09/22/20House Roll call Yeas-104 Nays-0 (House Journal-page 86)
09/25/20 Ratified R 151
09/28/20 Signed By Governor
10/02/20 Effective date 09/28/20
10/02/20 Act No. 145


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