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H 4666 - Enacts the Save Our Property Act

Tracking Level: Of Interest
Sponsor: Josiah Magnuson
Last Action: 1/9/2024 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation
Summary of the bill as introduced: Authorizes an assessor to defer property taxes until the next year on certain properties if an applicants income is less than a percentage of the county median income. 

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
H 4666 General Bill, By Magnuson, Trantham, S. Jones and Guffey
Summary: Save Our Property Act
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SAVE OUR PROPERTY ACT" BY ADDING SECTION 12-45-440 SO AS TO AUTHORIZE AN ASSESSOR TO DEFER PROPERTY TAXES UNTIL THE NEXT YEAR ON CERTAIN RESIDENTIAL OR AGRICULTURAL PROPERTY IF AN APPLICANT'S INCOME IS LESS THAN A CERTAIN PERCENTAGE OF THE COUNTY MEDIAN INCOME.
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12/14/23House Prefiled
12/14/23House Referred to Committee on Ways and Means
01/09/24House Introduced and read first time (House Journal-page 117)
01/09/24House Referred to Committee on Ways and Means (House Journal-page 117)


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