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H 3079 - Exempts 80 percent of the fair market value of certain distributed energy resources

Tracking Level: Of Interest
Sponsor: Dwight Loftis (R)
Last Action: 3/8/2018 - House - Member(s) request name added as sponsor: Norrell
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation

Summary of the bill as introduced: Exempts 80 percent of the fair market value of specific distributed energy resources and exempts the value of renewable energy resource residential property.

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Session 122 - (2017-2018)Printer Friendly
(pdf format)
H 3079 General Bill, By Loftis, J.E. Smith, Funderburk, Pope, Clary, W. Newton, Brown, Whipper, Blackwell and Norrell
Similar (S 0044)
Summary: Property tax exemption
    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 EIGHTY PERCENT OF THE FAIR MARKET VALUE OF CERTAIN DISTRIBUTED ENERGY RESOURCES AND TO EXEMPT THE VALUE OF RENEWABLE ENERGY RESOURCE PROPERTY FOR RESIDENTIAL USE.
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12/15/16House Prefiled
12/15/16House Referred to Committee on Ways and Means
01/10/17House Introduced and read first time (House Journal-page 66)
01/10/17House Referred to Committee on Ways and Means (House Journal-page 66)
02/23/17House Member(s) request name added as sponsor: Funderburk
03/14/17House Member(s) request name added as sponsor: Pope
03/23/17House Member(s) request name added as sponsor: Clary, W.Newton, Brown, Whipper
03/30/17House Member(s) request name added as sponsor: Blackwell
03/08/18House Member(s) request name added as sponsor: Norrell



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