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H 3007 - Exempts ten percent of the fair market value of certain second homes

Tracking Level: Of Interest
Sponsor: Jimmy Bales
Last Action: 1/13/2015 - 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 ten percent of the fair market value of second homes as long as the second home is not rented and the applicant meets certain requirements of the original homestead exemption.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
H 3007 General Bill, By Bales
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 TEN PERCENT OF THE FAIR MARKET VALUE OF CERTAIN SECOND HOMES SO LONG AS THE SECOND HOME IS NOT RENTED AND THE APPLICANT MEETS CERTAIN REQUIREMENTS OF THE ORIGINAL HOMESTEAD EXEMPTION.
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12/11/14House Prefiled
12/11/14House Referred to Committee on Ways and Means
01/13/15House Introduced and read first time (House Journal-page 62)
01/13/15House Referred to Committee on Ways and Means (House Journal-page 62)



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