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H 3452 - Increases the property tax homestead exemption to $100,000

Tracking Level: Of Interest
Sponsor: Steven Long
Last Action: 1/12/2021 - House - Referred to Committee on Ways and Means
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 property tax homestead exemption from the first $50,000 to the first $100,000.

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Session 124 - (2021-2022)Printer Friendly
(pdf format)
H 3452 General Bill, By Long, McGarry, Robinson, Burns, V.S. Moss, Pope and Forrest
Similar (H 3108)
Summary: Homestead exemptions
    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 ONE HUNDRED 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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12/16/20House Prefiled
12/16/20House Referred to Committee on Ways and Means
01/12/21House Introduced and read first time (House Journal-page 197)
01/12/21House Referred to Committee on Ways and Means (House Journal-page 197)



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