Staff Analysis of the Legislation
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03.09.2022 The House Ways and Means Property Tax subcommittee adjourned debate on this bill.
Summary of the bill as introduced: Increases the amount of the homestead property tax exemption from the first $50,000 to the first $75,000 of the fair market value of the homestead. |
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H 3108 General Bill, By Brawley, Robinson, Cobb-Hunter, Hosey, Pendarvis, K.O. Johnson, King, Henegan, Bennett and Jones
Similar ( H 3452) Summary: Homestead exemption A BILL TO AMEND SECTION 12-37-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST SEVENTY-FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND TO REPEAL SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION. View full text View Fiscal Impact| 12/09/20 | House | Prefiled | | 12/09/20 | House | Referred to Committee on Ways and Means | | 01/12/21 | House | Introduced and read first time (House Journal-page 76) | | 01/12/21 | House | Referred to Committee on Ways and Means (House Journal-page 76) | | 01/13/21 | House | Member(s) request name added as sponsor: Pendarvis, K.O.Johnson, King | | 01/14/21 | House | Member(s) request name added as sponsor: Henegan | | 03/18/21 | House | Member(s) request name added as sponsor: Bennett, Jones |
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