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S 0388 - Property tax exemptions for newly constructed condos, townhouses or cottages

Tracking Level: Of Interest
Sponsor: Reese
Last Action: 1/19/2011 - Referred to Committee on Finance
Senate Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

03.13.12 The Senate Finance Property Tax subcommittee carried this bill over.
02.28.12 The Senate Finance Property Tax subcommittee carried this bill over.
Summary of the bill as introduced: Exempts from property taxes the value of improvements of a newly constructed condominium, townhouse or cottage through the earlier of the property tax year in which the improvement is occupied or the property tax year ending the third December 31 after the improvement is complete.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc