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H 3687 - Extends the homestead exemption for the disabled and elderly to the entire fair market value of the property that is subject to property tax

Tracking Level: Of Interest
Sponsor: Robert Williams (D)
Last Action: 1/22/2019 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Extends the homestead property tax exemption for the disabled and elderly to the entire fair market value of the property that is subject to property tax. 

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Session 123 - (2019-2020)Printer Friendly
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H 3687 General Bill, By R. Williams
Summary: Homestead exemption
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-37-253 SO AS TO EXTEND THE HOMESTEAD EXEMPTION FOR THE DISABLED AND ELDERLY TO ALL FAIR MARKET VALUE OF THE HOMESTEAD SUBJECT TO PROPERTY TAX BEGINNING FOR THE PROPERTY TAX YEAR IN WHICH THE INDIVIDUAL CURRENTLY RECEIVING THE HOMESTEAD EXEMPTION ATTAINS THE AGE OF EIGHTY-FIVE YEARS IF THE GROSS HOUSEHOLD INCOME OF THAT INDIVIDUAL IS FIFTY THOUSAND DOLLARS OR LESS, TO DEFINE HOUSEHOLD INCOME, AND TO PROVIDE THE METHOD OF CLAIMING THE EXEMPTION.
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01/22/19House Introduced and read first time (House Journal-page 25)
01/22/19House Referred to Committee on Ways and Means (House Journal-page 25)


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