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H 3332 - Increases the homestead property tax exemption from the first $50,000 to the first $75,000 of the fair market value of the home

Tracking Level: Of Interest
Sponsor: Wendy Brawley
Last Action: 2/6/2020 - House - Member(s) request name added as sponsor: Ott, S.Williams, Bales, Wooten, Huggins, Thayer
House Committee: WM
Assigned To:
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Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Increases the homestead property tax exemption from the first $50,000 to the first $75,000 of the fair market value of the home.

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
H 3332 General Bill, By Brawley, Thigpen, Clyburn, Henegan, Jefferson, R. Williams, Gilliard, Henderson-Myers, Toole, Clemmons, Weeks, Rose, McDaniel, King, Robinson, Simmons, Govan, Dillard, Hosey, Anderson, Hart, Garvin, Brown, Moore, Cobb-Hunter, Bamberg, Kirby, Wheeler, Howard, Rutherford, McKnight, Atkinson, Funderburk, Ridgeway, Stavrinakis, Kimmons, Bernstein, Ott, S. Williams, Bales, Wooten, Huggins and Thayer
Similar (S 0910)
Summary: Homestead exemptions
    A BILL TO AMEND SECTION 12-37-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST SEVENTY-FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND TO REPEAL SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.
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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 200)
01/08/19House Referred to Committee on Ways and Means (House Journal-page 200)
01/15/19House Member(s) request name added as sponsor: Henegan
01/17/19House Member(s) request name added as sponsor: Jefferson, R.Williams, Gilliard
01/31/19House Member(s) request name added as sponsor: Henderson-Myers
02/26/19House Member(s) request name added as sponsor: Toole
01/21/20House Member(s) request name added as sponsor: Clemmons, Weeks
01/22/20House Member(s) request name added as sponsor: Rose
01/29/20House Member(s) request name added as sponsor: McDaniel, King
02/04/20House Member(s) request name added as sponsor: Robinson, Simmons, Govan, Dillard, Hosey, Anderson, Hart, Garvin, Brown, Moore, Cobb-Hunter, Bamberg
02/05/20House Member(s) request name added as sponsor: Kirby, Wheeler, Howard, Rutherford, McKnight, Atkinson, Funderburk, Ridgeway, Stavrinakis, Kimmons, Bernstein
02/06/20House Member(s) request name added as sponsor: Ott, S.Williams, Bales, Wooten, Huggins, Thayer



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