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H 3207 - Exempts all property taxes on an owner-occupied residence if the owner is at least 70 years old and has an income of less than $50,000

Tracking Level: Of Interest
Sponsor: Ashley Trantham
Last Action: 3/11/2020 - House - Member(s) request name added as sponsor: Bennett
House Committee: WM
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Exempts all property taxes on an owner-occupied residence if the owner is at least 70 years old and has an income of less than $50,000.

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Session 123 - (2019-2020)Printer Friendly
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H 3207 General Bill, By Trantham, Wooten, S. Williams, McCravy and Bennett
Similar (S 0565)
Summary: Property tax exemption
    A BILL TO AMEND SECTION 12-37-220, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO ALLOW AN EXEMPTION FROM ALL PROPERTY TAX EQUAL TO ONE HUNDRED PERCENT OF THE VALUE SUBJECT TO TAX OF AN OWNER-OCCUPIED RESIDENCE IF THE OWNER HAS ATTAINED THE AGE OF SEVENTY YEARS AND HAS A FEDERAL ADJUSTED GROSS INCOME OF LESS THAN FIFTY THOUSAND DOLLARS.
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12/18/18House Prefiled
12/18/18House Referred to Committee on Ways and Means
01/08/19House Introduced and read first time (House Journal-page 127)
01/08/19House Referred to Committee on Ways and Means (House Journal-page 127)
01/16/19House Member(s) request name added as sponsor: McCravy
03/11/20House Member(s) request name added as sponsor: Bennett



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