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H 3736 - Allows a property tax exemption of 100 percent of the property's value for residences whose owner is 65 years old and older

Tracking Level: Of Interest
Sponsor: Kit Spires
Last Action: 1/23/2019 - 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: Allows a property tax exemption of 100 percent of the property's value for owner-occupied residences whose owner is 65 years old and older. 

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Session 123 - (2019-2020)Printer Friendly
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H 3736 General Bill, By Spires, Calhoon, Ballentine, Huggins, Caskey, Toole and Wooten
Summary: Property tax exemption
    A BILL TO AMEND SECTION 12-37-220, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO ALLOW AN EXEMPTION FROM ALL PROPERTY TAX EQUAL TO ONE HUNDRED PERCENT OF THE VALUE SUBJECT TO TAX OF AN OWNER-OCCUPIED RESIDENCE IF THE OWNER HAS ATTAINED THE AGE OF SIXTY-FIVE YEARS.
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01/23/19House Introduced and read first time (House Journal-page 10)
01/23/19House Referred to Committee on Ways and Means (House Journal-page 10)



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