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H 3108 - Increases the amount of the homestead property tax exemption

Tracking Level: Of Interest
Sponsor: Wendy Brawley
Last Action: 3/18/2021 - House - Member(s) request name added as sponsor: Bennett, Jones
House Committee: WM
Assigned To:
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Property TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Increases the amount of the homestead property tax exemption from the first $50,000 to the first $75,000 of the fair market value of the homestead.

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Session 124 - (2021-2022)Printer Friendly
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H 3108 General Bill, By Brawley, Robinson, Cobb-Hunter, Hosey, Pendarvis, K.O. Johnson, King, Henegan, Bennett and Jones
Similar (H 3452)
Summary: Homestead exemption
    A BILL TO AMEND SECTION 12-37-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE HOMESTEAD PROPERTY TAX EXEMPTION ALLOWED FOR PERSONS WHO ARE OVER THE AGE OF SIXTY-FIVE YEARS, DISABLED, OR LEGALLY BLIND, SO AS TO INCREASE THE EXEMPTION AMOUNT FROM THE FIRST FIFTY THOUSAND DOLLARS TO THE FIRST SEVENTY-FIVE THOUSAND DOLLARS OF THE FAIR MARKET VALUE OF THE HOMESTEAD; AND TO REPEAL SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.
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12/09/20House Prefiled
12/09/20House Referred to Committee on Ways and Means
01/12/21House Introduced and read first time (House Journal-page 76)
01/12/21House Referred to Committee on Ways and Means (House Journal-page 76)
01/13/21House Member(s) request name added as sponsor: Pendarvis, K.O.Johnson, King
01/14/21House Member(s) request name added as sponsor: Henegan
03/18/21House Member(s) request name added as sponsor: Bennett, Jones



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