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H 4229 - Exempts a certain amount of property taxes from manufacturing and business personal property

Tracking Level: Of Interest
Sponsor: Thomas Pope (R)
Last Action: 5/26/2015 - House - Referred to Committee on Ways and Means
House Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Exempts 42.75 percent of property taxes from the fair market value of manufacturing property and exempts 42.75 percent of property taxes from the fair market value of business personal property.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
H 4229 General Bill, By Pope, Stringer, Herbkersman, Felder, Thayer, Merrill, Newton, Horne, Corley and Long
Summary: Property tax exemptions
    A BILL TO AMEND SECTION 12-37-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO EXEMPT FROM PROPERTY TAX FORTY-TWO AND SEVENTY-FIVE ONE HUNDREDTHS PERCENT OF THE FAIR MARKET VALUE OF MANUFACTURING PROPERTY, TO EXEMPT FROM PROPERTY TAX FORTY-TWO AND SEVENTY-FIVE ONE HUNDREDTHS PERCENT OF THE FAIR MARKET VALUE OF BUSINESS PERSONAL PROPERTY REQUIRED TO BE REPORTED AND RETURNED ANNUALLY TO THE DEPARTMENT OF REVENUE OR COUNTY AUDITORS, AND TO PHASE IN THESE EXEMPTIONS OVER FOUR YEARS.
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05/26/15House Introduced and read first time (House Journal-page 14)
05/26/15House Referred to Committee on Ways and Means (House Journal-page 14)



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