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H 4675 - Exempts property devoted to housing low income residents from property taxes

Tracking Level: Of Interest
Sponsor: Chandra Dillard (D)
Last Action: 2/11/2020 - House - Member(s) request name added as sponsor: Bannister, B.Cox, Willis, Trantham
House Committee: WM
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Exempts property devoted to housing low-income residents from property taxes if the property is owned by a nonprofit housing corporation or by an entity that provides low-income housing.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
H 4675 General Bill, By Dillard, Herbkersman, Robinson, Clyburn, Hosey, Henegan, Pendarvis, Elliott, Cobb-Hunter, Bannister, B. Cox, Willis and Trantham
Similar (H 4344)
Summary: Property tax exemptions
    A BILL TO AMEND SECTION 12-37-220, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EXEMPTIONS FROM PROPERTY TAX, SO AS TO EXEMPT ALL PROPERTY DEVOTED TO HOUSING LOW INCOME RESIDENTS IF THE PROPERTY IS OWNED BY AN INSTRUMENTALITY OF A NONPROFIT HOUSING CORPORATION OR OWNED BY AN ENTITY THAT PROVIDES LOW INCOME HOUSING AND IS CONTROLLED BY AN INSTRUMENTALITY OF A NONPROFIT HOUSING CORPORATION; AND TO AMEND SECTION 31-3-570, RELATING TO THE TAX EXEMPTION FOR THE PROPERTY OF A HOUSING AUTHORITY, SO AS TO INCLUDE PROPERTY OWNED BY AN ENTITY THAT PROVIDES LOW INCOME HOUSING AND IS CONTROLLED BY AN INSTRUMENTALITY OF A HOUSING AUTHORITY.
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11/20/19House Prefiled
11/20/19House Referred to Committee on Ways and Means
01/14/20House Introduced and read first time (House Journal-page 64)
01/14/20House Referred to Committee on Ways and Means (House Journal-page 64)
01/23/20House Member(s) request name added as sponsor: Elliott
01/29/20House Member(s) request name added as sponsor: Cobb-Hunter
02/11/20House Member(s) request name added as sponsor: Bannister, B.Cox, Willis, Trantham



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