H 3127 South Carolina House · 2023-2024 Regular Session

Homestead Exemption Increase

Summary

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-37-250, 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 BY REPEALING SECTION 12-37-245 RELATING TO AN OBSOLETE REFERENCE TO THE HOMESTEAD EXEMPTION.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 10, 2023 Last action Jun 5, 2024

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Committee

Jan 10, 2023

Committee

Referred to Committee on Ways and Means

lower

Jan 10, 2023

Introduced

Introduced and read first time

lower

Dec 8, 2022

Committee

Referred to Committee on Ways and Means

lower

16 primary · 0 co-sponsors

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