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H 3655 - Extends the homestead exemption on property taxes to all of the fair market value of the house

Tracking Level: Of Interest
Sponsor: Robert Williams (D)
Last Action: 2/12/2015 - House - Committed to Committee on Ways and Means
House Committee:
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Extends the homestead exemption for the disabled and elderly to all fair market value of the homestead subject to property tax beginning for the tax year when the individual currently receiving the exemption attains the age of 85 years old.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
H 3655 General Bill, By Williams, King, Jefferson, McKnight, Anderson, Hosey, Gilliard, Alexander, R.L. Brown, Dillard and Mack
Summary: Property tax exemption
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-37-253 SO AS TO EXTEND THE HOMESTEAD EXEMPTION FOR THE DISABLED AND ELDERLY TO ALL FAIR MARKET VALUE OF THE HOMESTEAD SUBJECT TO PROPERTY TAX BEGINNING FOR THE PROPERTY TAX YEAR IN WHICH THE INDIVIDUAL CURRENTLY RECEIVING THE HOMESTEAD EXEMPTION ATTAINS THE AGE OF EIGHTY-FIVE YEARS IF THE GROSS HOUSEHOLD INCOME OF THAT INDIVIDUAL IS FIFTY THOUSAND DOLLARS OR LESS, TO DEFINE HOUSEHOLD INCOME, AND TO PROVIDE THE METHOD OF CLAIMING THE EXEMPTION.
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02/12/15House Introduced and read first time (House Journal-page 45)
02/12/15House Committed to Committee on Ways and Means (House Journal-page 45)



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