Bills Assigned to Keyword - Property Taxes (81)

Date of Last Recorded Action: 5/15/2024


H 3007 Postpones reassessment of real propertySummary of the bill as introduced: Amends the South Carolina Real Property Valuation Reform Act to postpone the implementation of the transfer value of real property that has been unimproved since the last county reassessment until the implementation of the next county reassessment. 
Sponsor: Gunn House Com: Senate Com:
Status: House Referred to Committee on Ways and Means HJ-20 Status Date: 1/13/2009
Keywords: Property Taxes
Priority
H 3011 Exempts food items from certain taxesSummary of the bill as introduced: Exempts food items eligible for purchase with US Department of Agriculture food coupons from the local option sales tax, the capital project sales tax, the personal property tax exemption sales tax and the transportation infrastructure sales tax. A revenue impact statement is available for this bill.
Sponsor: Kirsh House Com: Senate Com:
Status: House Referred to Committee on Ways and Means HJ-21 Status Date: 1/13/2009
Keywords: Finance/Revenue/Taxes Local Option Sales Tax Property Taxes
Of Interest
H 3018 Property tax exemption of home improvements05.12.09 The Senate Finance committee gave this bill a favorable report with an amendment. The amendment has minimal to no impact on municipalities. 05.12.09 The Senate Finance Property Tax subcommittee gave this bill a favorable report. 03.26.09 The House Ways and Means committee gave this bill a favorable report. 03.24.09 The House Ways and Means Property Tax subcommittee gave this bill a favorable report. 03.04.09 The House Ways and Means Property Tax subcommittee held this bill over to wait on a fiscal impact statement. Summary of the bill as introduced: Exempts from property tax newly built one and two-family residences until the property is sold or occupied (rented) OR for five years after it was built, whichever comes first. The exemption does not apply to the value of the land.   A revenue impact statement is available for this bill.
Sponsor: E.H. Pitts House Com: Senate Com:
Status: Act No. 76 Status Date: 6/24/2009
Keywords: Property Taxes
Passed
H 3019 Property tax exemption for 65 year old residentsSummary of the bill as introduced: Allows an exemption from all property taxes equal to 100 percent of the value subject to tax of an owner-occupied residence if the owner is 65 years old. 
Sponsor: Spires House Com: Senate Com:
Status: House Referred to Committee on Ways and Means HJ-24 Status Date: 1/13/2009
Keywords: Property Taxes
Of Interest
H 3041 Property tax assessment appeal03.11.10 The House Ways and Means Property Tax subcommittee adjourned debate on this bill. Summary of the bill as introduced: Provides for an appeal of a county assessor's property tax assessment to the county governing body in certain cases. This bill also allows the payment of attorney's fees to the taxpayer who prevails on the appeal. 
Sponsor: Kirsh House Com: Senate Com:
Status: House Referred to Committee on Ways and Means HJ-31 Status Date: 1/13/2009
Keywords: Property Taxes
Of Interest
H 3130 Transfer of interest of a trustIn a special session in October 2009, the House of Representatives and the Senate used this bill as a vehicle to pass business incentives to bring Boeing to North Charleston. This bill no longer deals with the transfer interest to a trust.   04.21.09 The House Judiciary committee gave this bill a favorable report. 04.02.09 The House Judiciary Special Laws subcommittee gave this bill a favorable report. Summary of the bill as introduced: Provides that an assessable transfer of interest does not occur when property is inherited or conveyed to a trust and the beneficiaries are the settlor’s spouse or children. 
Sponsor: Harvin House Com: Senate Com:
Status: Act No. 124 Status Date: 11/2/2009
Keywords: Property Taxes
Passed
H 3154 SC Agricultural Assessment Reform Act of 2009Summary of the bill as introduced: Enacts the SC Agricultural Assessment Reform Act that limits a property tax increase in the year of implementation of revised agricultural use standards. 
Sponsor: Chalk House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/13/2009
Keywords: Property Taxes
Of Interest
H 3155 Tax on a large undeveloped tract of landSummary of the bill as introduced: Adds a classification, with an assessment of two percent of its fair market value, for a large undeveloped tract of land that does not qualify for classification as agricultural use property. 
Sponsor: Chalk House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/13/2009
Keywords: Property Taxes
Of Interest
H 3212 Property tax assessment ratio for armed services membersSummary of the bill as introduced: Provides that if a member of the US Armed Forces, while on active duty in a combat zone, rents his owner-occupied residence, the residence retains the special four percent assessment ratio designated for owner-occupied residences. 
Sponsor: Gunn House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/13/2009
Keywords: Property Taxes
Of Interest
H 3272 Postpones the transfer value of property (Point of Sale)Current summary of the bill as considered on the Senate floor 2.11.10: Includes a 20 percent exemption on the fair market value of 6 percent properties sold after 2010 and a 100 percent exemption on 6 percent properties sold in 2010. The exemptions could not bring the purchaser’s tax value below the property’s fair market value at the time of the county’s last reassessment. At future reassessments, these properties would be subject to Act 388’s 15 percent cap on increases in tax value. The compromise also allows local governments to look back up to three years to claim any increases in millage not yet imposed but allowed by Act 388. It also includes technical language to change the millage rollback formula.This compromise failed by a vote of 28-13 to pass the full Senate on Feb. 11, 2010. 05.14.09 The Senate set H3272 for special order on the calendar.  05.05.09 The Senate Finance committee gave this bill a favorable report as amended by the subcommittee. 05.05.09 A Senate Finance Special subcommittee gave this bill a favorable report as amended. The amendment strikes all of the language in the House version of the bill and replaces it with the language from S435, the Senate version of the bill. 03.26.09 The House Ways and Means committee voted 17 to 8 to give this bill a favorable report as amended in subcommittee. Current summary of the bill as amended: Delays reassessment of sold property until the next county-wide reassessment rather than at the point of sale. It also limits increases in fair market value of sold properties to 15 percent over a five year period. The bill was amended to eliminate the provision that reverts the value of  property sold after 2008 back to its presale fair market value. 03.04.09 The House Ways and Means Property Tax subcommittee gave this bill as favorable report as amended. 02.04.09 The House Ways and Means Property Tax subcommittee carried this bill over until the next meeting. Committee members heard testimony and plan for staff to draft an amendment to the current bill. Summary of the bill as introduced: Limits increases in fair market value of sold properties to 15 percent at the point of sale. A sunset provision returns to the current law after tax year 2014.   A fiscal impact statement is available for this bill. A revenue impact statement is available for this bill.
Sponsor: Cooper House Com: Senate Com:
Status: Senate Recommitted to Committee on Finance SJ-16 Status Date: 2/11/2010
Keywords: Property Taxes
Priority
H 3283 Allows county council to waive or reduce property tax penaltiesSummary of the bill as introduced: Allows the county council by majority vote to direct the county treasurer to waive, dismiss, or reduce real and personal property tax penalties if the council determines the action is in the best interest of the county. 
Sponsor: Sandifer House Com: Senate Com:
Status: House Roll call Yeas-67 Nays-46 Status Date: 1/28/2009
Keywords: Property Taxes
Of Interest
H 3291 Property tax exemptions for churchesSummary of the bill as introduced: Extends church property tax exemptions allowed to property owned by a church but used for religious purposes by another church. 
Sponsor: Skelton House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/15/2009
Keywords: Property Taxes
Of Interest
H 3293 Definition of fair market valueSummary of the bill as introduced: Requires a constitutional amendment for the General Assembly to provide by law a definition of "fair market value" for real property for purposes of the property tax. This bill also eliminates the 15 percent limit on increases in the value of real property up to five years and eliminates the assessable transfer of interest as an event that changes the value of the property. 
Sponsor: King House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/15/2009
Keywords: Property Taxes
Of Interest
H 3304 Property tax exemptions for elderly and disabledSummary of the bill as introduced: Exempts from property tax increases in value attributable to periodic reassessment of owner-occupied residential property allowed the homestead exemption for persons over 65 years old or who are totally and permanently disabled. 
Sponsor: Umphlett House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/15/2009
Keywords: Property Taxes
Of Interest
H 3321 Alternative appeals for property taxesSummary of the bill as introduced: Provides an alternative appeals procedure for a property taxpayer objecting to a property tax assessment issued by a county assessor, including issues related to agricultural classification. This bill allows a direct appeal to the circuit court.
Sponsor: Kirsh House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 1/27/2009
Keywords: Property Taxes
Of Interest
H 3408 Four percent assessment ratio for rental propertySummary of the bill as introduced: Provides that the owner-occupant of residential property qualifies for the four percent assessment ratio if the owner is otherwise qualified and the residence is not rented for more than 90 days a year. 
Sponsor: Chalk House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 2/3/2009
Keywords: Property Taxes
Of Interest
H 3419 Extends the deadline for four percent assessment applicationsSummary of the bill as introduced: Allows the auditor to extend the deadline for filing the application for the four percent assessment ratio for owner-occupied property and the application for agricultural use value. This bill also eliminates the requirement that an extension may be granted only on a showing of reasonable cause. 
Sponsor: Bales House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 2/3/2009
Keywords: Property Taxes
Of Interest
H 3480 Determination of fair market value for the property taxSummary of the bill as introduced: Specifies further how the fair market value of real property is determined.
Sponsor: Edge House Com: Senate Com:
Status: Senate Referred to Committee on Judiciary Status Date: 3/10/2010
Keywords: Property Taxes
Of Interest
H 3481 Determination of the appraisal time and valueSummary of the bill as introduced: Deletes certain circumstances that constitute assessable transfers of interest and adds others.
Sponsor: Edge House Com: Senate Com:
Status: House Referred to Committee on Judiciary HJ-9 Status Date: 2/10/2009
Keywords: Property Taxes
Of Interest
H 3482 Excludes aircraft from personal property taxes05.12.09 The Senate Finance committee gave this bill a favorable report as amended. 05.12.09 The Senate Finance Property Tax subcommittee gave this bill a favorable report with an amendment. The amendment narrows the scope of the exemptions. Summary of the bill as introduced: Exempts from property taxes aircraft owned by a company engaged in air transport of specialized cargo. A revenue impact statement is available for this bill.
Sponsor: Harrell House Com: Senate Com:
Status: Act No. 45 Status Date: 6/12/2009
Keywords: Property Taxes
Passed
H 3528 Property tax exemptions for militarySummary of the bill as introduced: Exempts for one year 100 percent of the fair market value of owner-occupied residential property owned in whole or in part by a member of the armed forces if the owner was deployed during any part of the property tax year in a combat zone. 
Sponsor: G.R. Smith House Com: Senate Com:
Status: House Member(s) request name added as sponsor: Millwood Status Date: 2/2/2010
Keywords: Property Taxes
Of Interest
H 3668 Allows bids on behalf of a county Forfeited Land CommissionSummary of the bill as introduced: Allows but does not require a bid on behalf of a county Forfeited Land Commission by the official conducting a delinquent property tax sale.
Sponsor: Umphlett House Com: Senate Com:
Status: House Referred to Committee on Judiciary Status Date: 3/5/2009
Keywords: Property Taxes
Of Interest
H 3747 Postpones countywide reassessment for one yearSummary of the bill as introduced: Allows the governing body of a county by ordinance to postpone for one additional year a countywide property tax equalization and reassessment program otherwise scheduled for implementation beginning for property tax year 2009. 
Sponsor: Bowers House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 3/24/2009
Keywords: Property Taxes
Of Interest
H 3748 Value of owner occupied property included in index of taxpaying ability05.18.10 The Senate Finance committee gave this bill a favorable report as amended. 05.18.10 The Senate Finance K-12 Public Education subcommittee gave this bill a favorable report with amendments. The amendments make changes to who appoints the study committee. 04.14.10 The House Ways and Means committee gave this bill a favorable report with an amendment. The amendment reflects the House proviso language freezing the Index of Taxpaying Ability at the 2009 level for one year and added the study committee language. 04.21.09 The House Ways and Means Sales and Income Tax subcommittee gave this bill a favorable report with amendments. The information on the amendments will be posted as soon as it is available. Summary of the bill as introduced: Provides that the value of owner occupied property must be included in the calculation of the index of taxpaying ability until a permanent change in the method of its calculation is enacted.   A fiscal impact statement is available for this bill. A revenue impact statement is available for this bill.
Sponsor: Duncan House Com: Senate Com:
Status: Senate Read second time Status Date: 6/2/2010
Keywords: Property Taxes
Of Interest
H 3781 Assessments against propertySummary of the bill as introduced: Provides the proceeds from assessments levied against property be used to offset the impact of development on certain governmental entities. This bill also provides for the collection of these assessments.
Sponsor: Chalk House Com: Senate Com:
Status: House Referred to Committee on Ways and Means Status Date: 3/26/2009
Keywords: Finance/Revenue/Taxes Property Taxes
Of Interest






Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc