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S 0032 -	Allows certain limited liability companies the four percent property tax rate

Tracking Level:

Of Interest

Sponsor:

Last Action:

1/8/2013 - Senate - Referred to Committee on Finance

Senate Committee:

Fin

Assigned To:

Staff Analysis of the Legislation
Summary of the bill as introduced: Allows a single member LLC owning residential real property where the single member is an individual and the LLC is not taxed as a corporation the assessment ratio for owner-occupied residential property.

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

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