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S 0907 - Applies a property tax exemption for nonprofit housing corporations only to a certain percentage of the property

Tracking Level: Priority
Sponsor: Michael Johnson
Last Action: 1/9/2024 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
Property TaxesNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Applies a property tax exemption for nonprofit housing corporations only to the percentage of property that equals the corporation's ownership interest in the property.

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Session 125 - (2023-2024)Printer Friendly
(pdf format)
S 0907 General Bill, By M. Johnson and Peeler
Similar (S 1017, H 4936)
Summary: Nonprofit housing corporations
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-220, RELATING TO PROPERTY TAX EXEMPTIONS, SO AS TO PROVIDE THAT THE EXEMPTION FOR CERTAIN PROPERTY OF A NONPROFIT HOUSING CORPORATION ONLY APPLIES TO THE PERCENTAGE OF PROPERTY THAT EQUALS THE CORPORATION'S OWNERSHIP INTEREST IN THE PROPERTY, TO PROVIDE AN EXCEPTION, AND TO PROVIDE CERTAIN CERTIFICATION AND NOTICE REQUIREMENTS.
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01/09/24Senate Introduced and read first time (Senate Journal-page 78)
01/09/24Senate Referred to Committee on Finance (Senate Journal-page 78)


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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